Federal Reserve System CE 13d

Federal Reserve System CE 13d

7th - 8th Grade

7 Qs

quiz-placeholder

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Federal Reserve System CE 13d

Federal Reserve System CE 13d

Assessment

Quiz

History

7th - 8th Grade

Practice Problem

Medium

Created by

Carrie O'Hanlon

Used 166+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What description best supports the function of the Federal Reserve System?

State's central bank

Nation's central bank

Locality's central bank

City's central bank

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Where is the Federal Reserve located?

New York, NY

Hampton, VA

Washington D.C.

Richmond, VA

3.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Choose the key figures that make up the Federal Reserve System.

12 reserve banks

Board of Governors

President of the Fed

Chairperson

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Fill in the blank: The Federal Reserve regulates banks to ensure the soundness of the banking system and safety of ______________________.

Loans

Stocks

Deposits

Interest

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Fed influences the money supply and interest rates in the economy to keep this low and stable-

Supply

Price

Interest

Inflation

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

The Fed provides financial services to who?

Citizens

Banks

Federal Government

Reserve banks

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Fill in the blank: The _______________________ is appointed by the president and is approved by the ____________________.

Chairperson: Senate.

President; Senate

Federal Reserve; Congress

President; Chairperson