American History 101...?

Question

1.) LIST 2 WAYS THE FEDERAL RESERVED BOARD INFLUENCES MONOTARY POLICY IN THE UNITED STATES.

2.) IDENTIFY 2 FEDERAL "MEANS-TESTED PROGRAMS" AND 1 FEDERAL NON-MEANS TESTED PROGRAM.

Answer 1

1. Performs open market operations and controls the discount window. For details see... http://www.federalreserve.gov/pf/pf.htm
2a.
Table 1: Means-Tested Programs With Expenditures of More Than a Billion Dollars,
Fiscal Year 1998
Dollars in billions
Program Federal State/local Total
Medicaid $100.2 $77.2 $177.4
SSI 29.7 3.0 32.7
Earned Income Tax Credit (refund) 25.3 0 25.3
Food Stamp 18.9 2.0 20.9
TANF 11.3 10.2 21.5
Housing Choice Voucher 16.1 0 16.1
Medical Care for Veterans (no service-connected
disability)
9.6 0 9.6
Federal Pell Grants 6.3 0 6.3
Foster Care 3.7 3.3 7.0
School Meals Program 6.5 0.4 6.9
Title XX Social Services 2.3 3.6 5.9
Head Start 4.3 1.1 5.4
General Assistance (medical component) 0 5.0 5.0
Child Care and Development Fund 3.1 1.6 4.7
HOME (Home investment partnerships) 1.5 2.6 4.1
Low-rent Public Housing 3.9 0 3.9
WIC 3.9 0 3.9
Rural Housing Loans (Section 502) 3.8 0 3.8
Subsidized Federal Stafford and Stafford/Ford loans 3.8 0 3.8
Veterans Pensions 3.1 0 3.1
General Assistance (cash and nonmedical) 0 2.6 2.6
Indian Health Services 2.1 0 2.1
Child and Adult Care Food Program 1.4 0 1.4
Adoption Assistance 0.7 0.6 1.3
Job Corps 1.2 0 1.2
LIHEAP (home energy assistance) 1.1 0 1.1
Maternal and Child Health Services Block Grant 0.7 0.4 1.1
27-program total $264.5 $113.6 $378.1
2b. Not all student loans are means tested.