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What is the theory of bureaucratic behavior and how can it be used to explain the behavior of the Federal Reserve?
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- Explain the structure and ownership of the Federal Reserve. What are its roles? How is it managed? How are governors appointed? How can the Fed be the Bank of the US Government and yet be autonomous? Can the Fed be influenced by politics?Explain the major functions of the Federal Reserve.Explain the functions of the Federal Reserve. Give examples.
- Social security in the U.S. is funded by government expenditures current and future taxes the private sector OU.S. private stock and private bond markets Future U.S. deficits could be decreased by increasing transfer payments and decreasing interest payments on the debt O decreasing government expenditures and increasing taxes increasing government expenditures and decreasing taxes decreasing current an future taxes The government budget is in DEFICIT when OT G-Transfers (TR) Interest on the Debt (INT) 0 Government expenditures (G) - Investment expenditures (I) 0Describe two concepts of central bank independence. Is the Fed politically independent? Why do economists think central bank independence is important?Which of the following is the role of the Federal Reserve System? Select one: a. Set the Required Reserve Ratio for Bank of America b. Manage the account for South Carolina and other state governments c. Make loans to local businesses d. Print new money e. All of these are roles of the Fed
- What are the key dimensions of central bank independence? Are central banks moving toward more or less independence? Why?The Federal Reserve was first established in 1915. True FalseWhich statement best describes a responsibility of the Federal Reserve System for the United States? It determines monetary policy It negotiates trade agreements It collects corporate taxes It guarantees bank deposits.
- Designers of the Federal Reserve System were concerned that the Fed might form policy favorable to one part of the country or to a particular party. What are some ways that the organization of the Fed reflects such concerns?The Federal Reserve is controlled by the government and not a committee? True or FalseOver the last 10 years the Federal Reserve has substantially changed the way it operates. What is different about how the Federal Reserve now conducts policy? options: it discusses its policy in public and asks for guidance from Congress it gives the public forward guidance on what it will do It is more secretive about interest rate and other policy changes it places fewer regulations on commercial banks
