Test Your Knowledge About
The Federal Reserve!
The history of the Federal Reserve has been widely documented in numerous textbooks and publications from the "Fed" itself. What has not been so widely documented is the real "lost history" of how and why the Federal Reserve was created along with the mechanics of the money system which the Fed administers. You have probably heard "Federal Reserve or The Fed" mentioned numerous times over many months on or in every form of media that exits and most of us go about our business not informed, poorly informed or misinformed about what it is, what it does and how it affects our country and its people . . . you and me!
The following is a series of questions that we've put together to help you test your knowledge about the Federal Reserve. We are going to give you the questions first. Write down your answers if you like. Go to our Guest Guardian page, sign in and leave us a comment or go to our blog and leave a comment or opinion there. In a few days we will give you the answers that our research has revealed. Then you can compare your answers with ours.
Q and A's About the Federal Reserve
1. What is the Federal Reserve System?
2. When was the Federal Reserve System created?
3. Why was it created?
4. Who created it?
5. Is it an agency, department or part of the federal
government?
6. Who runs the Federal Reserve System?
7. Does the President of the United States, the
Secretary of the Treasury or the Congress play a
part in the operations of the Federal Reserve?
8. Who comprises the Federal Reserve?
9. Is the Federal Reserve privately owned? By whom?
10. Are the employees of the Federal Reserve under
Civil Service?
11. Are the Federal Reserve Banks listed with other
government agencies in the telephone directory?
12. How does the Federal Reserve operate?
13. Does the Federal Reserve make important decisions
about US monetary policy?
14. Does the President, Treasury Secretary or the
Congress attend Federal Reserve meetings where
important decisions about monetary policy are
discussed and made?
We will start with this sampling of questions first then proceed from there. We are looking forward to hearing from you!
