QUIZ #1 4th & 7th

"The Fed" refers to the....

• Federal Bureau of Investigation
• Federal Government
• Federal Reserve System
• Federal Income Tax

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.

In a recession, the Fed would likely

• Increase the supply of money in the economy
• Decrease the supply of the money in the economy

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

• Expansionary
• Contractionary
• Equanimitous
• Whole Dollar

The current chairperson of the Federal Reserve is:

• Jerome Powell

• Alan Greenspan

• Ben Bernanke

• Janet Yellen

The central bank of the United States is the:

• Federal Reserve Banking System.
• Comptroller's Bank.
• United States National Bank.
• U.S. Treasury Bank.

If the United States is experiencing inflation, the Fed will likely

• Increase the supply of money in the economy
• Decrease the supply of money in the economy

The tools and strategies used by the Fed to stabilize the economy are called...

• Fiscal policy

• Monetary policy

• Tight Money

• Easy Money

Who is in charge of fiscal policy?

• Government
• Federal Reserve

Which of the following are responsible for making fiscal policy decision? 

• The President and Congress
• The Federal Reserve System
• The National Council of Economic Advisors
• The commerce Department