Econ Recap
Quiz
•
Social Studies
•
10th - 12th Grade
•
Medium
Dan Micciche
Used 12+ times
FREE Resource
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21 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 5 pts
Fee charged to borrow money
2.
MULTIPLE CHOICE QUESTION
2 mins • 5 pts
If the United States is experiencing inflation, the Fed will likely
3.
MULTIPLE CHOICE QUESTION
2 mins • 5 pts
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
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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