Chapter 16 Section 1 Quiz

Chapter 16 Section 1 Quiz

9th - 12th Grade

8 Qs

quiz-placeholder

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Chapter 16 Section 1 Quiz

Chapter 16 Section 1 Quiz

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Rodney Swinson

Used 7+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

This series of serious bank runs finally convinced Congress to act and address concerns within the nation's banking system, resulting in the Federal Reserve Act of 1913.

Second Bank of 1836
Panic of 1907
Scare of 1900
Stock Market Crash

2.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

The actions the Federal Reserve takes to influence the level of real GDP and the rate of inflation in the economy.

Board of Governors
Federal Reserve Districts
monetary policy
Federal Open Market Committee

3.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Why does the Federal Reserve System have a higher degree of political independence?

the system has only advisory power
it is divided into geographical districts
the governors are appointed for life terms
the system is owned by the banks

4.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

This is a seven member board that oversees the Federal Reserve System.

Board of Governors
Federal Reserve Districts
House of Representatives
Board of Regents

5.

MULTIPLE CHOICE QUESTION

30 sec • 13 pts

How many Federal Reserve Districts are there?

8
12
24
52

6.

MULTIPLE CHOICE QUESTION

30 sec • 13 pts

What is the subject of Federal Open Market Committee decisions?

appointment of members of the Federal Reserve's Board of Governors
chartering of new banks and other lending institutions
level of interest rates and growth of the money supply
scheduling of banking days and hours for member banks

7.

MULTIPLE CHOICE QUESTION

30 sec • 13 pts

Who appoints the members of the Board of Governors of the Federal Reserve?

the state legislatures of the states represented
the state governors
the U.S. Senate
the U.S. President

8.

MULTIPLE CHOICE QUESTION

30 sec • 13 pts

What banks must join the Federal Reserve system?

all nationally chartered banks
all state-chartered banks
all banks of any kind
no banks must join; membership is voluntary