Money Management Test Review

Type your REAL FIRST and LAST NAME for credit.

Evaluate responses using AI:

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Known as the Central Bank

• Internal Revenue Service
• US Treasury
• Federal Reserve
• The White House

The closest Federal Reserve Bank to US is in

• Washington, DC
• Alexandria
• Richmond
• Charlottesville

Greatly influences when interest rates rise and fall

• The US Deptartment of Treasury
• The US Mint
• The White House
• The Federal Reserve

Policy used to regulate the US money supply in circulation

• Fiscal
• Monetary
• Open Market
• Condensed

If the Fed wants to encourage spending and borrowing, what will they do to the interest rate?

• Increase the interest rate
• Lower the interest rate
• Keep the interest rate the same
• Defer the rate for 5 years

If the Fed wans to slow down the economy and ease inflation, it can do what to the interest rate?

• Increase the interest rate
• Lower the interest rate
• Keep the interest rate the same
• Defer the rate for 5 years

The Federal Reserve is part of the Federal Government

• True
• False

Money declared by the Federal Government as legal tender

• Dispsoable Currency
• Fiat Currency
• Bartering
• Trading

Another name for paper bills is

• foreign currency
• Blue Backs
• Green Backs
• Void Currency