Unit 3 Test Review

Front

In the United States today, which of the following functions as the central bank? The Federal Reserve, The Federal Reserve Board, The Federal Reserve together with Congress, There is no central bank in the United States

Back

The Federal Reserve

Front

Which of the following is NOT one of the Federal Reserve's main functions? Manage inflation, Supervise the banking system, Providing banking services

Back

Returning the market to equilibrium

Front

Where is the Federal Reserve Headquarters located?

Back

Washington DC

Front

The ______________ produces U.S. coins.

Back

U.S. Mint, US Mint

Front

What is the motto of the United States that appears on all U.S. currency?

Back

In God We Trust

Front

The "Fed" refers to the-

Back

Federal Reserve

Front

The Federal Reserve is made up of ___ banks.

Back

12, twelve

Front

Fee charged to borrow money

Back

Interest

Front

The Federal Reserve was established in 1913 under President _______________.

Back

Wilson, Woodrow Wilson

Front

Which of the following is NOT a characteristic of money? Divisibility, Uniformity, Durability, Invisibility

Back

Invisibility