Using the answer sheet provided, enter the letter of the term from the right-hand column that best fits the definition. Notice that there are more terms than definitions. Read each incomplete sentence or question. Using the answer sheet provided, enter the letter that corresponds to the word or phrase that best completes the sentence or answers the question. The activities by the Federal Reserve are controlled and coordinated by the Fed's board of governors.
Banks can make loans with their reserve requirement.
The environment was first widely acknowledged as a major economic issue during the 1880s. If the reserve requirement is increased, the money supply increases. Collecting taxes is the responsibility of the Fed. When the Fed conducts an open-market sale, the money supply increases. When one bank lends money to another bank, the lending bank charges no interest.