Monetary and Fiscal Policy Review

Monetary and Fiscal Policy Review

12th Grade

13 Qs

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Monetary and Fiscal Policy Review

Monetary and Fiscal Policy Review

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Westney Allen

Used 45+ times

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13 questions

Show all answers

1.

OPEN ENDED QUESTION

1 min • Ungraded

Media Image

On a scale of 1-10, how are you doing today?

1= Horrible

10 = Amazing

Evaluate responses using AI:

OFF

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Frankie is deciding between buying an iPhone 12 Pro ($999) and a Samsung Note 20 Ultra ($1,099). Which function of money allows him to understand and compare these prices?

Medium of Exchange

Standard of Value

Store of Value

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Veronica started working at QuikTrip when she was 16 and five years later she has saved over $10,000. Which function of money helps her do this?

Medium of exchange

Standard of Value

Store of Value

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Which of the following is NOT one of the goals of the Federal Reserve system?

Full employment (Less than 5%)

Low tax rates

Long-lasting economic growth

Stable prices for good and services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Congress and the President are responsible for implementing

Monetary policy

Fiscal policy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Olivia's coffee shop only accepts cash as payment. Which function of money does this represent?

Medium of exchange

Standard of Value

Store of Value

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When the Federal Reserve BUYS government bonds from banks it causes the money supply to ___________________.

Increase

Decrease

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