CE 13 Review

What is the name of our nation's central bank?

• The Federal Reserve
• The United States National Bank
• The National Bank of the United States
• Bank of America

The Federal Reserve maintains the _______ of our currency.

• value
• design
• trading
• color

The Fed ______________ banks to ensure the soundness of the banking system.

• regulates
• closes
• opens
• runs

All of the following are ways the government promotes competition except

• collecting taxes

• preventing monopolies

• engaging in trade

• supporting new businesses

Which government agency regulates radio and tv?

• Environmental Protection Agency (EPA)

• Federal Trade Commission (FTC)

• Federal Communications Commission (FCC)

• Social Security Agency (SSA)

Which government agency watches over the environment?

• Environmental Protection Agency (EPA)

• Federal Trade Commission (FTC)

• Federal Communications Commission (FCC)

• Social Security Agency (SSA)

Participating in global trade does all the following except...

• supports monopolies

• provides more competition

• being able to buy goods at a lower cost

• being able to sell goods at a lower cost

Which is an example of a good or service provided by the government? (choose 3)

• Military

• Roads

• USPS Mail

• Taco Bell

Taxes paid to the government help pay for (choose 3)

• Police/Fire

• Schools

• Pizza

• Roads

Revenue from sales tax and income tax

• Help people vote

• Help pay for public goods and services

• Must be returned to the consumer

• Is used to buy more resources