2.03 The Federal Reserve_Exit Ticket

Which is a goal of the Federal Reserve?

• Create a high level of inflation

• Create price stability in the economy

• Print currency for American citizens

• Develop fiscal policy for the United States

Fee charged to borrow money

• Inflation
• Interest
• Discount rate
• Reserve requirement

The primary role of the Federal Reserve Bank is to steer the economy by

• controlling the budget
• setting spending levels.
• controlling the money supply.
• loaning out money.

What is the main function of the Federal Reserve System?

• Ensure a healthy and stable economy

• Create a strong government

• Encourage fair trade practices

How many districts are there for the Federal Reserve Banks?

• 15

• 50

• 25

• 12

"The Fed" refers to the....

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

The Fed keeps a certain amount of money out of circulation. This is referred to as....

• Reserve requirement
• Emergency Fund
• Stockpile
• Hoard

a rise in the cost of goods and services

• inflation
• discount rate
• interest
• monetary policy

Founding Father that believed a centralized banking system was a key to promoting industry and trade

• Andrew Jackson
• Benjamin Franklin
• Alexander Hamilton
• George Washington

What does the Federal Reserve REGULATE?

• Companies

• US banks

• Trade

• Environmental laws