Classify each statement about the Federal Reserve System as either true or false. You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop.
The Federal Reserve was established by the U. S. Constitution in the late 1700s.
The national objectives of the Federal Reserve include promoting economic growth, full employment, stable prices, and moderate interest rates.
All Federal Reserve actions are subject to veto by the executive branch.
The Federal Reserve determines monetary policy in the United States.
The Federal Reserve was created by the Federal Reserve Act of 1913.
Answer Bank
False
True

False

true

false

true

true

Explanation:

The Federal Reserve is the central bank of the United States. It was created in  December 23, 1913 by the Federal Reserve Act. It three main objectives as established by the US congress are :  promoting economic growth, full employment, stable prices. the last two objectives are referred to as the dual mandate of the Federal reserve

The dual mandate of the Federal Reserve was birthed as a result of the stagflation of the 1970s. Stagflation is a period of high unemployment and high inflation levels

The dual mandate are: high employment, stable prices and moderate long-term interest rates.

The Federal Open Market Committee (FOMC) which is a committee of the Federal Reserve determines monetary policy.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.