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3. There are ______ members of the Federal Reserve Board of
Governors, ----_______ members of the Federal Open Market
Committee, and ________ Federal Reserve Banks.
a. 12; 7; 12; b. 7; 14; 12; c. 14; 12; 12; d. 7; 12; 12
4. The Fed's primary tools of monetary policy include all the following
except
a. changing the discount rate.
b. open market operations.
c. adjusting reserve requirements.
d. changes in the Federal Funds rate.
5. If a Canadian dollar costs $0.84 in U.S. dollars today and traded for
$0.86 last year, the U.S. dollar
a. has appreciated against the Canadian dollar.
b. has depreciated against the Canadian dollar.
c. has more buying power in England.
d. none of the above.
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FIN 366 Final Exam Guide