6 - Economic Policy Quizizz Quest

What is the purpose of expansionary fiscal policies?

• To decrease economic growth

• To increase economic growth

• To maintain economic stability

• To reduce government spending

What is the purpose of contractionary fiscal policies?

• To increase government spending

• To increase economic growth

• To slow economic growth

• To eliminate taxes

What is the Federal Reserve commonly referred to as?

• The Central Bank

• The National Bank

• The Fed

• The Treasury

What is the primary purpose of the Federal Reserve?

• To provide educational loans

• To influence and control the economy and the money supply

• To collect taxes

• To insure bank deposits

How many members are there on the Federal Reserve Board of Governors, including the chairman?

• Five

• Six

• Seven

• Eight

Who appoints the members of the Federal Reserve Board of Governors?

• The Senate

• The President

• The Secretary of the Treasury

• The Vice President

Who, in addition to the governors, forms the Federal Open Market Committee?

• Five Vice Presidents of the Federal Reserve Banks

• Five Presidents of the Federal Reserve Banks

• Five Secretaries of the Federal Reserve Banks

• Five Chairmen of the Federal Reserve Banks

What is the primary function of the Federal Open Market Committee?

• It regulates the stock market.

• It establishes our national monetary policy.

• It oversees the federal budget.

• It manages the national debt.

Who appoints the Board of Governors?

• The Senate

• The Supreme Court

• The President

• The Vice President

What does the Federal Reserve do in relation to government securities?

• Prints educational materials about government securities

• Provides security and protection for government facilities

• Sells, transfers, and redeems government bonds

• Monitors the stock market for fraudulent activities