Monetary Policy Questions

Monetary Policy Questions

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Easy

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Wayground Content

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10 questions

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1.

FLASHCARD QUESTION

Front

Which body of governance is in charge of monetary policy and fiscal policy?

Back

The Federal Reserve

2.

FLASHCARD QUESTION

Front

What ways/actions of fiscal policy can be taken to influence the economy?

Back

Increasing government spending and decreasing taxes

3.

FLASHCARD QUESTION

Front

Which of the following is a way/action of monetary policy that can be taken to influence the economy? Increasing government spending, Adjusting interest rates, Implementing tax cuts, Regulating trade policies

Back

Adjusting interest rates

4.

FLASHCARD QUESTION

Front

How many Federal bank districts are there in the United States?

Back

12

5.

FLASHCARD QUESTION

Front

Which option is not a way which the Federal Reserve manages the money supply? Options: Open Market, Reserve Requirement, Discount Rate

Back

Increasing Government Spending

6.

FLASHCARD QUESTION

Front

How are the Federal Reserve Chairs selected and for how long?

Back

Appointed by the President, Senate approval for 4 years

7.

FLASHCARD QUESTION

Front

Under what circumstances is it better to grow the money supply? Options: During periods of economic recession to stimulate growth., When inflation is high to curb spending., When unemployment is low and the economy is overheating., During periods of high prices and increased spending.

Back

During periods of economic recession to stimulate growth.

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