Money & the Federal Reserve

The organization that regulates and monitors the flow of American money is called the...

• US Treasury Department

• Senate Finance Committee

• Internal Revenue Service

• Federal Reserve System

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

• Providing Financial Services

• Setting Interest rates

• Printing/ Coining Money

• Supervising banks

The government may use expansionist policy to help the economy if...

• Supply is low and Demand is high

• GDP is low and unemployment is high

• Inflation is low and savings are high

• Spending is low and the debt is high

The government may use contractionary economic policies if the economy is growing...

• too fast

• too slow

• unpredictably

• unequally

The Required Reserve Ratio, Federal Funds Rate, and Discount Rate are all tools of...

• The Executive Branch

• Congress

• The Federal Reserve

• Capitalism

The Federal Open Market Committee (FOMC) is part of the Federal Reserve and helps develop our government's...

• Monetary Policies

• Employment Policies

• Import/Export Policies

• Budgetary Policies

The total value of all goods and services produced by a country over a specific time period of time is known as the...

• FED

• USDA

• FCA

• GDP