Money, Banking, & The FED

Money, Banking, & The FED

12th Grade

10 Qs

quiz-placeholder

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Money, Banking, & The FED

Money, Banking, & The FED

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Blake Johnson

Used 7+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The central bank in the USA that regulates the monetary system is known as

IRS

FDIC

FED

Social Security

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Monetary Policy is controlled by

The Federal Reserve Bank

The Legislative Branch

The President

Congress

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are characteristics of Money (Check ALL that apply)

Portable

Durable

Easily Divisible

Available, but in limited supply

Available, in unlimited supply

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

All of the following are functions of money, EXCEPT

Medium of Exchange

Measure of Value

Inflation Proof

Store of Value

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The FED keeps a certain amount of money out of circulation. This is referred to as

Hoard

Emergency Fund

Stockpile

Reserve Requirement

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The FED does all of the following, EXCEPT

Raise taxes

Act as government's bank

Regulate banking activity

Provide check clearing services

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The FED was created

Post Revolutionary War

Post Civil War

Post WW2

Post Vietnam War

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