The Federal Reserve's organization
(Fill in the blanks)
While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only______ of the regional bank presidents are members of the FOMC.
The Federal Reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions?
U.S. banks that cannot borrow elsewhere
Governments in developing countries during currency crises
U.S. state governments when they run short on tax revenues
The Federal Reserve's primary tool for changing the money supply is the_______ . In order to decrease the number of dollars in the U.S. economy (the money supply), the Federal Reserve will________ government bonds.