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4 The Federal Reserve System

Authored by Dane Lancaster

8th Grade

Used 82+ times

4 The Federal Reserve System
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17 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Federal Reserve act was signed into law by then president Woodrow Wilson in...

1865

1913

1917

1930

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

To much money in our economy leads to

Inflation

Recession

Increasing

Receding

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Federal Reserve...

Regulates the amount of money in circulation

Supervises banks

Provides financial services to banks and the public

All of the above.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of deposits that banks are required to keep on hand is called...?

monetary policy

money creation

reserve requirements

prime rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The interest rate that the Federal Reserve charges commercial banks for Overnight loans is called the...?

discount rate

monetary policy

inside lag

tight money policy

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The Fed refers to the....

Federal Bureau of Investigation

Federal Government

Federal Reserve

Federal Income Tax

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Because it has no inherent value, a piece of U.S. currency is an example of...?

Commodity Currency

Representative Currency

Fiat Currency

Public Currency

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