The Federal Reserve System & Monetary Policy

The Federal Reserve System & Monetary Policy

12th Grade

27 Qs

quiz-placeholder

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The Federal Reserve System & Monetary Policy

The Federal Reserve System & Monetary Policy

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Mary Maddox

Used 4+ times

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27 questions

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1.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Media Image

What are the 3 major measures of macroeconomic activity?

GDP, CPI, GRE

GDP, CPI, Unemployment

Gross Domestic Product, Consumer Price Index, Unemployment Rate

GRE, Peak, CRD

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is Gross Domestic Product (GDP)?

the primary quantitative measure of economic activity for a nation

dollar value of all final G/S produced in a country in a 12 month period

the sum of consumption by households, investment by businesses, government spending, and net exports

all of these answers are correct

none of these answers are correct

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In addition to monitoring banking & economic conditions, what are some of the functions of the Federal Reserve System?

banking services for the gov't, issuing currency, raising/lowering taxes

raising the debt ceiling, setting the discount rate, issuing currency

setting the discount rate, regulating banks, regulating gov't spending

banking services for the gov't, buying/selling US bonds, issuing currency

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

The FED's most important function is

maintaining a checking account for the US government

regulating the money supply for the US

setting the discount rate

buying & selling US securities/bonds

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The 2 Monetary Policies used by the FRS are

easy money decreases the $ supply & tight money increases the $ supply

inside lag increases the $ supply & outside lag decreases the $ supply

easy money increases the $ supply & tight money decreases the $ supply

expansionary increases the $ supply & contractionary decreases the $ supply

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The FED increases/decreases the nation’s money supply in order to meet the 3 main government economic goals. These goals are

decrease in prices, full employment, reduction in gross domestic product

stable prices, full employment, economic growths

consistent prices, regulation of the stock market, reduce gov't spending

increase in prices, full unemployment, economic growth

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What are the 4 Monetary Policy tools used by the FRS?

open market operations, discount rate, interest on reserves, gov't spending

OMO, discount rate, reserve requirements, interest on reserves

open market op (OMO), interest on reserves, gov't spending, tax rates

open market operations (OMO), discount rate, tax rates, reserve requirement

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