1. Which of the following contributed to the creation of the Federal Reserve System? a. the bank panic of [907 b. the Great Depression c. the savings and loan crisis ofthe 1980s d. the nancial crisis of 2008 e. the aftermath of World War II 2. Which of the following institutions controls the monetary base? a. the central bank b. the Treasury c. Congress d. commercial banks e. investment banks 3. Which of the following is NOT a role of the Federal Reserve System? a. controlling bank reserves b. printing currency (Federal Reserve notes) 0. carrying out monetary policy d. supervising and regulating banks e. holding reserves for commercial banks 4. Who oversees the Federal Reserve System? a. Congress b. the president of the United States c. the Federal Open Market Committee d. the Board of Governors of the Federal Reserve System 6. the Reconstruction Finance Corporation 5. Which of the following contributed to the nancial crisis of 2008? a. excessive speculation b. inadequate regulation c. delays in aggressive action by the government (1. low interest rates leading to a housing boom e. all of the above 6. The Federal Open Market Committee is made up of which ofthe following? a. members of the Board of Governors ve voting Federal Reserve Bank presidents the president of the Federal Reserve Bank of New York eleven Federal Reserve Bank presidents on a rotating basis all of the above {DY-1.057 7. Which of the following is true regarding central banks? a. They only exist in the United States and Europe. b. They oversee and regulate the banking system. 0. They are structured to be part public and part private. (1. They include multiple regional reserve banks. 6. All ofthe above are true