Economic Factors & the Fed flashcards

22 cards on economic factors & the fed for the SIE exam. Short answers, one fact per card, and a line under each explaining why. Here is what the prompts look like:

• Which institution serves as the central bank of the United States?Answer inside
• Decisions about taxes and government spending are called ＿＿＿ policyAnswer inside
• Congress and the President set fiscal policy. Which kind of policy does the Federal Reserve run?Answer inside
• Which Federal Reserve committee directs open market operations?Answer inside
• The Fed's buying and selling of Treasury securities is called ＿＿＿ operationsAnswer inside