3 Tools of the Feds to Control Economy

3 Tools of the Feds to Control Economy

11th - 12th Grade

17 Qs

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3 Tools of the Feds to Control Economy

3 Tools of the Feds to Control Economy

Assessment

Quiz

History

11th - 12th Grade

Medium

Created by

Maudie Scherry

Used 12+ times

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17 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Influencing the economy by changing the reserve requirement is called:

Fiscal policy
Monetary policy
Tight Money
Easy Money

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What does Inflation do to the VALUE of money?

Makes it go up.

Makes it go down.

Makes it stay the same.

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Does increasing the money supply lead to inflation or deflation?

Inflation

Deflation

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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.

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

After being in a recession for a long time, the Fed would likely

Increase the supply of money in the economy

Decrease the supply of the money in the economy

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If the economy is expanding too quickly, the Federal Reserve will institute which type of monetary policy?

Expansionary
Contractionary
Equanimitous
Whole Dollar

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does Inflation do to the value of money?

Makes it go up.
Makes it go down.
Makes it stay the same.

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