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Fed Facts: Put your knowledge to the test with our 2019 end-of-year quiz

How strong is your Federal Reserve trivia knowledge? Our monthly Fed Facts article series shares interesting details about the Federal Reserve System. Whether you have read every article, or are looking to catch up, put your knowledge to the test with our end-of-year quiz!

  1. Our January article, "Federal Reserve acronym cheat sheet," shared frequently used acronyms used across the Federal Reserve Bank Services. What does “OC” stand for?
    1. Operating Circular
    2. Official Contact
    3. Operations Center
  2. February's article, "Meet the 12 Federal Reserve Bank presidents" shared information about our Bank leaders and their role. Who is the president of the Federal Reserve Bank of Chicago?
    1. Esther George
    2. Charles Evans
    3. Eric Rosengren
  3. How well do you remember March's article, "Top 10 Facts you probably didn't know about the U.S. currency"? What is the average lifespan of a $100 note?
    1. 1 year
    2. 6.5 years
    3. 15 years
  4. We highlighted our museums in April’s article, “Check out a Fed museum during your springtime travels.” At which Bank can you tour a gold vault?
    1. Federal Reserve Bank of St. Louis
    2. Federal Reserve Bank of San Francisco
    3. Federal Reserve Bank of New York
  5. We shared the “Five key functions of the Federal Reserve” in May. Which function involves the Federal Open Market Committee’s goals to promote maximum employment, stable prices and moderate long-term interest rates in the U.S. economy?
    1. Conducting monetary policy
    2. Promoting consumer protection and community development
    3. Supervising and regulating financial institutions and activities
  6. In June, we looked at the progress workers have seen in the past century in the article “Take a look at how far the American workforce has come.” According to the 1915 Census, what was the average annual salary of a U.S. worker?
    1. $687
    2. $875
    3. $1,005
  7. July’s article took us on “A journey through our photo archives.” What year was the below photo of the San Francisco Fed bond redemption department employee taken?
    1. 1939
    2. 1949
    3. 1959
  8. Our August article, “Fed podcasts offer something for everyone,” shared details on the Fed’s podcasts to help you find your next interesting listen. What is the name of the Federal Reserve Bank of St. Louis podcast that covers topics in economics, banking and monetary policy for high school and college students?
    1. Economic Lowdown
    2. Bank Notes
    3. Twice Around
  9. September’s article, “The changing workforce of the Federal Reserve Banks,” shared changes in the types of jobs at the Fed over the years. In what year did the New York Fed begin using automated guided vehicles to deliver and retrieve cash trunks in its three-story-high cash storage vault?
    1. 1989
    2. 1992
    3. 1997
  10. We went misconception correcting in our October article, “Busting myths about the Federal Reserve.” Which of the follow is a myth?
    1. Fed employees are considered federal government employees
    2. The Fed does not own gold
    3. The Bureau of Engraving and Printing prints money, not the Fed
  11. In November, we covered “What makes a federal holiday?” Which of the following is not a Federal Reserve Bank holiday?
    1. New Year's Eve
    2. Martin Luther King Jr. Day
    3. Presidents Day

How did you do? Check your answers using the key below. Stay tuned to Fed360® for more Fed Facts in 2020!

Answer Key: 1. A; 2. B; 3. C; 4. C; 5. A; 6. A; 7. B; 8. A; 9. B; 10. A; 11. A