Federal Reserve Quiz

Federal Reserve Quiz

3rd Grade

20 Qs

quiz-placeholder

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Federal Reserve Quiz

Federal Reserve Quiz

Assessment

Quiz

Special Education

3rd Grade

Practice Problem

Easy

Created by

Carolyn Darnielle

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Where is the Federal Reserve located?

Washington D.C.

Los Angeles

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Why was the Federal Reserve created?

Due to banking panics

To print money

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a banking panic?

When people rush to banks to pull out their money because of panic

When banks close for a holiday

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

Why did people start taking their money out of the banks in the late 1800's and early 1900's in the United States?

The banks were giving away free money.

The economy was very uncertain and banks were closing down.

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What was the purpose of the Federal Reserve Act?

To print new money

To ensure smaller banks have an emergency supply of money

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What are the two primary goals of the Federal Reserve?

To keep prices of products stable and make sure there are enough jobs

To control the stock market and manage schools

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

How many groups is the Federal Reserve divided into to help run the economy?

Three

Five

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