Federal Reserve quiz

Quiz tools

  • 1. What year did Congress establish the Federal Reserve?

    • A. 1935

    • B. 1860

    • C. 1913

  • 2. Which chairman was the longest serving at the Federal Reserve?

    • A. Alan Greenspan

    • B. William McChesney Martin

    • C. Paul Volcker

  • 3. Which first lady wrote a glowing review of the Federal Reserve's headquarters building?

    • A. Hillary Clinton

    • B. Nancy Reagan

    • C. Eleanor Roosevelt

  • 4. Which Fed chairman once dressed up as the Jolly Green Giant to attend a Washington costume party?

    • A. Alan Greenspan

    • B. Paul Volcker

    • C. Arthur Burns

  • 5. What does the Federal Reserve do?

    • A. Raises or cut taxes

    • B. Decides spending for federal agencies

    • C. Raises or lowers interest rates

  • 6. How many regional banks does the Federal Reserve have?

    • A. 50

    • B. 12

    • C. 25

  • 7. How many presidents has Fed chief Alan Greenspan served under?

    • A. 4

    • B. 3

    • C. 5

  • 8. Which Fed chairman ratcheted up rates to levels not seen since the Civil War?

    • A. Alan Greenspan

    • B. Paul Volcker

    • C. G. William Miller

  • 9. Which Fed regional bank president always has a vote when the Fed meets to decide the course of interest rates?

    • A. The president of the Federal Reserve Bank of Philadelphia

    • B. The president of the Federal Reserve Bank of San Francisco

    • C. The president of the Federal Reserve Bank of New York

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