The Federal Reserve

The Federal Reserve

8th - 12th Grade

20 Qs

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The Federal Reserve

The Federal Reserve

Assessment

Quiz

Social Studies

8th - 12th Grade

Hard

Created by

Tracee McDonald

Used 93+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Fee charged to borrow money

Inflation
Interest
Discount rate
Reserve requirement

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Influencing the economy by changing the reserve requirement is called:

Fiscal policy
Monetary policy
Tight Money
Easy Money

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The Federal Reserve System was established in

1799
1913
1863
1881

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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.

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

In a recession, the Fed would likely

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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

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