Could you be a Federal Reserve banker? Test your knowledge.

Alex Brandon/AP/File
The Fed's headquarters in Washington, D.C., houses its board of governors, but Federal Reserve Banks are located in key cities around the US.

The Federal Reserve System, often referred to as the Fed, is the central bank of the United States and, arguably, the most powerful financial institution in the world. It sets key interest rates, supervises and regulates banks, and maintains the stability of the US financial system. Its decisions influence global markets and foreign nations' economic policy. How much do you know about this financial powerhouse? Test your knowledge: 

1. What are open market operations?

The buying and selling of government bonds

The buying and selling of private stocks

The buying and selling of credit accounts

The buying and selling of trading information

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