Monetary policy bingo

Exercise and reference answers

Clues and terms

1. Clue

   Runs monetary policy.

   Item

   Central bank

2. Clue

   Seven members, 14-year terms.

   Item

   Governors

3. Clue

   Depositors race to withdraw.

   Item

   Bank run

4. Clue

   Insures deposits to $250,000.

   Item

   FDIC

5. Clue

   Fed lends when no one else will.

   Item

   Last resort

6. Clue

   Buying and selling Treasury bonds.

   Item

   Open market

7. Clue

   Overnight rate between banks.

   Item

   Fed funds rate

8. Clue

   Fed's rate at the window.

   Item

   Discount rate

9. Clue

   Lower rates, more borrowing.

   Item

   Expansionary

Instructions

Read each clue and tap the term it describes.

Explanation