Economics

Economics

10th - 12th Grade

50 Qs

quiz-placeholder

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Economics

Economics

Assessment

Quiz

Other

10th - 12th Grade

Medium

Created by

RACHEAL ROUTT

Used 2+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

"The Fed" refers to the....

Federal Bureau of Investigation
Federal Government
Federal Reserve System
Federal Income Tax

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which part of the Fed decides when to raise or lower interest rates?

Board of Governors
Advisory Committee
Chairman
Federal Open Market Committee

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Influencing the economy by changing the reserve requirement is called:

Fiscal policy
Monetary policy
Tight Money
Easy Money

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does Inflation do to the value of money?

Makes it go up.
Makes it go down.
Makes it stay the same.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Does increasing the money supply cause inflation or deflation?

Inflation
Deflation

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the gold standard?

one unit of currency is equal to a set amount of gold
the level by which gold is judged
the use of gold as a medium of exchange
the idea that gold can buy everything

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The American Dollar bill is an example of

Commodity Currency
Representative Currency
Fiat Currency
Public Currency

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