Federal Reserve Quiz

Federal Reserve Quiz

Professional Development

10 Qs

quiz-placeholder

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Federal Reserve Quiz

Federal Reserve Quiz

Assessment

Quiz

Social Studies

Professional Development

Practice Problem

Easy

Created by

Marian Moore

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

What are the three main parts of the Federal Reserve?

The Board of Governors, the reserve banks, and the Federal Reserve Act

The Board of Governors, the Treasury Department, and the Federal Open Market Committee

The Board of Governors, the reserve banks, and the Federal Open Market Committee

The Board of Governors, the Federal Reserve Act, and the Federal Open Market Committee

2.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

What was one of the objectives of the Federal Reserve Act?

To regulate the stock market

To establish a national currency

To help banks acquire emergency cash reserves

To promote international trade

3.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

What is the role of the Board of Governors?

To write regulations for commercial banks

To conduct monetary policy

To provide financial services

To supervise commercial banks

4.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

What is the Federal Open Market Committee responsible for?

Writing regulations for commercial banks

Supervising commercial banks

Providing financial services to banks

Setting the nation's monetary policy

5.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

What is the target range set by the FOMC called?

Federal funds rate

Discount rate

Prime rate

Inflation rate

6.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

What is the primary responsibility of the reserve banks?

Supervising commercial banks

Conducting monetary policy

Providing financial services

Writing regulations for commercial banks

7.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

What is the role of Fed examiners?

To write regulations for commercial banks

To set interest rates

To evaluate the financial health of commercial banks

To provide financial services to banks

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