10.2 Money Supply Quiz

10.2 Money Supply Quiz

12th Grade

15 Qs

quiz-placeholder

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10.2 Money Supply Quiz

10.2 Money Supply Quiz

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

TIMOTHY BALASA

Used 12+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the basic supply of money in circulation known as?

M2

M1

M3

M0

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is NOT a component of the basic money supply known as M1?

Currency

Checking accounts

Bonds

Traveler’s checks

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What does currency consist of according to the U.S. Treasury System?

Gold bars and silver coins

Coins issued by the U.S. Treasury and paper money issued by the Federal Reserve System

Cryptocurrencies and digital tokens

Bonds and stocks

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What are checking accounts also known as?

Savings deposits

Demand deposits

Time deposits

Loan accounts

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What can owners of checking accounts do with the funds in their accounts?

Invest in stocks directly from the accounts

Withdraw the funds in currency or write a check to transfer the funds to a third party

Exchange the funds for traveler's checks only

Transfer the funds to cryptocurrency wallets

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the paper money issued by the Federal Reserve System called?

Treasury notes

Federal Reserve notes

Silver certificates

National bank notes

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Who issues traveler's checks?

The U.S. Treasury

A bank

The Federal Reserve

The Stock Exchange

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