1.Monetary policies in this country are under the control of the A.Office of Thrift Supervision B.Secretary of the Treasury C.Federal Reserve Bank Board D.Federal Deposit Insurance Corporation

2.Which of the following is most likely to result from a substantial increase in the money supply?

A lowering of inflation

A reduction of interest rates

An increase in interest rates

An increase in the value of a dollar

3.When the Federal Reserve buys or sells government securities in the financial markets, it is called

Juggling the credit markets

Cycling the discount rate

Discounting the market rates

Open market operations

4.The amount of a VA guaranty is called:

eligibility.

entitlement.

veteran's rights.

down payment.

5.The Federal Housing Administration implements its programs with which of the following procedures?

Providing government bonds as collateral for loans

Issuing an insured commitment covering the loan

Funding a portion of each loan at closing

Guaranteeing a portion of each loan