Unit 6 Review: Monetary & Fiscal Policy

Unit 6 Review: Monetary & Fiscal Policy

Assessment

Flashcard

Social Studies

10th Grade

Hard

Created by

Wayground Content

FREE Resource

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44 questions

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1.

FLASHCARD QUESTION

Front

What is the primary purpose of the Federal Reserve?

Back

Controlling inflation

2.

FLASHCARD QUESTION

Front

Which of the following is not a responsibility of the Federal Reserve? Setting interest rates, Supervising financial institutions, Collecting federal taxes, Maintaining financial stability

Back

Collecting federal taxes

3.

FLASHCARD QUESTION

Front

What are the two primary objectives of the Federal Reserve's dual mandate?

Back

Ensuring maximum employment and price stability

4.

FLASHCARD QUESTION

Front

How does the Federal Reserve aim to achieve its dual mandate?

Back

By adjusting the money supply

5.

FLASHCARD QUESTION

Front

What is the likely impact on the money supply if the Federal Reserve decides to increase both the Reserve Requirement and the Discount Rate?

Back

Decrease

6.

FLASHCARD QUESTION

Front

What is one method the Federal Reserve uses to control inflation? Options: Increasing the money supply, Lowering taxes, Adjusting the federal funds rate, Subsidizing exports

Back

Adjusting the federal funds rate

7.

FLASHCARD QUESTION

Front

What is the federal funds rate?

Back

The interest rate banks charge each other for loans.

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