FHS Economics 12ABC Mini Quiz

Look at the graphic organizer. Then answer the question that follows.

Which of the following BEST completes the blank in the graphic organizer?

• Bank of New York

• Board of Governors

• Ways and Means Committee

• Department of the Treasury

Tags

12A

Look at the graphic organizer. Then answer the question that follows.

Which of the following BEST completes the blank in the graphic organizer?

• Department of Treasury

• Federal Open Market Committee

• Office of Management and Budget

• House Ways and Means Committee

Tags

12A

Which of these completes the chart?

• Federal Reserve Chairman

• Federal Open Market Committee

• President of the United States

• Senate and House of Representatives

What is the Federal Reserve System?

• the central banking system of the United States.

• a government office for regulating the budget of the United States of America.

• the banking system of the southeast

• the office that controls tax rates and government spending

The Fed is comprised of how many regional central banks

• 5

• 6

• 10

• 12

Tags

12A

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.

Tags

12C

In a recession, the Fed would likely

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

Tags

12C

The Federal Reserve can increase __________, which makes banks more selective when loaning out money

• Reserve Requirements
• Percentage/Earnings Ratios
• Dividends
• Blue Chip Stocks

Tags

12B

Match The Four Tools of Monetary Policy with the correct description.

• interest eared from deposits with fed

• Discount Rate

• Sell or Buy Government Securities

• Open - Market Operations

• Interest Rate on money borrowed from Fed

• Reserve Requirements

• Ratio of bank deposits kept as reserves

• Interest on Reserves:

Tags

12B

Actions taken by the Federal Reserve are called _________ policy.

• monetary

• rules

• Money

• governors

Tags

12C