The Federal Reserve and Currency

The Federal Reserve and Currency

8th Grade

16 Qs

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The Federal Reserve and Currency

The Federal Reserve and Currency

Assessment

Quiz

History

8th Grade

Medium

Created by

Nakina Alexander

Used 8+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

"The Fed" refers to the....

Federal Bureau of Investigation
Federal Government
Federal Reserve System
Federal Income Tax

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does Inflation do to the value of money?

Makes it go up.
Makes it go down.
Makes it stay the same.

3.

MULTIPLE CHOICE QUESTION

20 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.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Fed ______________ banks to ensure the soundness of the banking system.

regulates
closes
opens
runs

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The ___________ acts as the federal government's bank

Federal Reserve Bank
Bank of America
First Bank of the United States
National Bank of the United States

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The fed manages the amount of __________ in the economy to try to keep inflation low and stable.

money
people
companies
credit cards

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

To much money in our economy leads to 

Inflation
Recession

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