Federal Reserve quiz

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