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Which branch of government has the power to interpret the meaning of laws?

• Executive

• Judicial

• Legislative

• President

What "backs" the U.S. Money Supply?

• Gold

• Silver

• the ability of the Fed to keep the supply stable

• the ability of the Federal government to keep the supply stable.

How many Federal Reserve district banks are there?

• 8

• 10

• 12

• 14

What does Inflation do to the value of money?

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

The central bank of the United States is the:

• Federal Reserve Banking System.
• Comptroller's Bank.
• United States National Bank.
• U.S. Treasury Bank.

Which government agency watches over the environment?

• Environmental Protection Agency (EPA)

• Federal Trade Commission (FTC)

• Federal Communications Commission (FCC)

• Social Security Agency (SSA)

Which is NOT a role of the Federal Reserve system?

• Regulating banks

• Maintaining value of currency

• Acting as the governments bank

• Monitoring the president

______ can coin (print) money.

• Banks

• Citizens

• The US Government

• States

The current chairperson of the Federal Reserve is:

• Jerome Powell

• Alan Greenspan

• Ben Bernanke

• Janet Yellen

What is the gold standard?

• one unit of currency is equal to a set amount of gold
• the level by which gold is judged
• the use of gold as a medium of exchange
• the idea that gold can buy everything