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Semester 1 review 1

Authored by MATTHEW KELLEY

Social Studies

12th Grade

Used 20+ times

Semester 1 review 1
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does the Federal Reserve change monetary policy?

to provide services to member banks

to lessen the effect of natural business cycle

to control the banking industry

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How could the Federal Reserve encourage banks to lend out more of their reserves?

reduce the discount rate

reduce the money supply

raise the required amount of reserve

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many Federal Reserve Districts are there?

9

20

12

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of policy does the Federal Reserve use to counteract an expansion in GDP?

easy money policy

tight money policy

fiscal policy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does a bank sometimes hold excess reserves?

to make check clearing easier

to be sure they can meet their customers’ demands

to protect against high prices

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who appoints of the Chair of the Fed?

President

NASA

Lil Durk

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you increase the required reserve, what happens to the money supply?

increase

decrease

stays the same

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