4. What does “monetary policy” mean?

political policies pursued by the federal government
actions the Federal Reserve takes to influence the economy
decisions about how much the Federal Reserve charges members
Federal Reserve policies on creating new banks


6. If the required reserve ratio is 20 percent and a customer deposited $5,000 in the bank, how much is available to the bank for lending?

$4,000
$5,000
$1,000
$3,500