Unit 6 lesson 6 government and the economy 1- what does "monetary policy" mean - correct answer - actions the federal reserve takes to influence the economy 2- who appoints the members of the board of governors of the federal reserve? - correct answer the u. s president 3- how many federal districts are there - correct answer 12 districts 4- who issues u. s paper currency? - the district federal reserve banks 5- what is the function of a bank examiner? - to make sure banks are obeying laws and regulations,

All the answers are correct:

1- The monetary policy is a branch of economic policy that uses the amount of circulating money as a variable to control and maintain the economic stability of a country.

2- The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. Governors are appointed by the President of the United States and confirmed by the Senate.

3- The Federal Reserve Act of 1913 created 12 Federal Reserve Districts, which are: Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco Federal Reserve Banks.

4- US paper currency is issued by these 12 Federal Reserve Banks named in point 3.

5- A bank examiner is a financial professional who has the task of making sure that banks and savings and loan associations are operating legally and safely, in accordance with the bank regulations imposed on these institutions by the chartering level of government. In the United States, they may conduct supervision on behalf of a US government agency, the Federal Reserve System, a state banking authority, or for the financial institutions themselves as internal auditors.

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