Money & Banking Practice Quiz

Money & Banking Practice Quiz

9th - 12th Grade

18 Qs

quiz-placeholder

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Money & Banking Practice Quiz

Money & Banking Practice Quiz

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Clark Wehmeier

Used 5+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

"The Fed" refers to the....

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

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Fee charged to borrow money

Inflation
Interest
Discount rate
Reserve requirement

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What does Inflation do to the value of money?

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

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

In a recession, the Fed would likely

Increase the supply of money in the economy
Decrease the supply of the money in the economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Coins and paper bills make up the _____ of the United States.

barter

currency

debt

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The _____ is the central bank of the United States.

Financial institutions

Federal Reserve System

District Banks

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Anything that's accepted in exchange for goods & services.

Currency

Money

Liquidity

Deferred Payment

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