Economics Unit 4

Economics Unit 4

12th Grade

51 Qs

quiz-placeholder

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Economics Unit 4

Economics Unit 4

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

CODY PATRICK PALM

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51 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term refers to the policy involving government decisions on taxes and public spending?

Monetary Policy

Fiscal Policy

Reserve Requirement

Federal Funds Rate

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name of the central banking system of the United States?

Easy Money Policy

Federal Reserve System

Discount Rate

Open Market Operations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a rate that banks charge each other for overnight loans to meet reserve requirements?

Federal Funds Rate

Discount Rate

Monetary Policy

Tight Money Policy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes the exchange of goods and services without the use of money?

Currency

Barter

Representative Money

Commodity Money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of money has value because a government declares it acceptable for the payment of debts and generally includes coins and bills in circulation?

Commodity Money

Currency

Fiat Currency

Easy Money Policy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What function of money is described as what people are willing to accept in exchange for goods and services?

Store of value

Medium of exchange

Standard of value

Measure of service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which function of money allows people to compare the values of goods and services using prices?

Medium of service

Store of exchange

Standard of value or measure of value

Value of storage

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