US Debt Quiz

US Debt Quiz

9th - 12th Grade

21 Qs

quiz-placeholder

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US Debt Quiz

US Debt Quiz

Assessment

Quiz

Social Studies

9th - 12th Grade

Hard

Created by

Kevin Nichols

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The central bank of the United States is known as the Fed or the _________________________.

Federal Reserve

National Bank of America

GDP (Gross Domestic Product)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Once a year, the Federal Government is required to

have a deficit.

spend all it's revenue.

create a budget.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The federal government obtains most of its revenue from

Oil

taxes and fees

stock market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is the current national debt?

27.2 trillion dollars

28.2 trillion dollars

28.2 billion dollars

27.2 million dollars.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Some state governments have passed a law requiring a ___________________________, which is a law saying you can’t spend more money than you get in.

Budget Deficit

Budget Surplus

Balanced Budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The federal ______________is a plan for spending by the government.

Budget

Economy

Government

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The federal government borrows money from

individuals

foreign countries

Both A and B

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