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SOL 13d,f Review- Federal Reserve and Money

History

8th Grade

10 Questions

Used 373+ times

SOL 13d,f Review- Federal Reserve and Money
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many banks are there in the Federal Reserve system?

8

10

12

16

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The FED manages the amount of ______ in circulation.

money

loans

credit

banks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of currency?

Coins

Credit cards

Federal Reserve notes

Checks and debit cards

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Deflation

Interest

Depresstion

Inflation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a Federal Reserve note?

A dime

A check

A credit card

A 20 dollar bill

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