Econ Recap

Econ Recap

10th - 12th Grade

21 Qs

quiz-placeholder

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Econ Recap

Econ Recap

Assessment

Quiz

Social Studies

10th - 12th Grade

Medium

Created by

Dan Micciche

Used 12+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Fee charged to borrow money

Inflation
Interest
Discount rate
Reserve requirement

2.

MULTIPLE CHOICE QUESTION

2 mins • 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

3.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Media Image

The FED increases/decreases the nation’s money supply (through the changing in interest rates) in order to meet the 2 main government economic goals. These goals are...

decrease in prices & full employment

stable prices (limit inflation) & full employment,

consistent prices & regulation of the stock market

increase in prices & full unemployment

4.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Media Image

What is the Federal Reserve System?

the central banking system of the United States.

a government office for regulating the budget of the United States of America.

the banking system of the southeast

the office that controls tax rates and government spending

5.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

________ _________ is when you earn interest on both the money you've saved and the interest you earn.

overdraft fee

simple interest

compound interest

annual percentage rate

6.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

_____ ____ savings will typically be spent within 5 years for things such as emergencies, weddings, rent payment, etc.

stocks

short term

long tern

bonds

7.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

What is a company that brings together money from many people and invests it in stocks, bonds or other assets called?

mutual funds

payday lenders

credit union

simple interest

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