SOL 13d,f Review- Federal Reserve and Money

Which of these is NOT a job of the Federal Reserve?

• Monitor banks

• Maintain the value of currency

• Act as the bank for the U.S. government

• Give out loans to customers

How many banks are there in the Federal Reserve system?

• 8

• 10

• 12

• 16

The FED manages the amount of ______ in circulation.

• money

• loans

• credit

• banks

Which of the following is NOT a type of currency?

• Coins

• Credit cards

• Federal Reserve notes

• Checks and debit cards

Why do people accept money as payment for goods and services?

• Paper money is valuable

• Paper money can be exchanged for gold

• People trust the U.S. government

• Paper money is pretty

What is the term for the rise in prices over time?

• Deflation

• Interest

• Depresstion

• Inflation

Which of these is a Federal Reserve note?

• A dime

• A check

• A credit card

• A 20 dollar bill

The FED acts as the bank for _______.

• the federal government

• local governments

• businesses and individuals

• Beyonce

Money is used in the exchange of goods and services between sellers and ______.

• the government

• consumers

• businesses

• banks

The Federal Reserve regulates and monitors ____.

• banks

• businesses

• government agencies

• consumers