Federal Reserve Quiz

Federal Reserve Quiz

10th Grade

23 Qs

quiz-placeholder

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Federal Reserve Quiz

Federal Reserve Quiz

Assessment

Quiz

History

10th Grade

Hard

Created by

Andrew Clarke

Used 3+ times

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the WebQuest, in what capacity does the Federal Reserve act as a "bankers' bank"?

Providing loans to individuals

Offering emergency financial services

Managing savings accounts

The document does not specify

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does the federal government play alongside the Federal Reserve according to the document?

It also helps ensure economic stability

It competes with the Federal Reserve

It focuses solely on healthcare

No role is specified in the document

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary method the Federal Reserve uses to control inflation according to monetary policy?

Adjusting government spending

Modifying tax rates

Implementing interest rate changes

Regulating stock market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify two economic problems that are caused by inflation.

Increased unemployment and lower savings

Decreased investment and higher interest rates

Reduced purchasing power and increased cost of living

Higher export rates and lower import charges

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the usual trade-off when the Federal Reserve makes policy to lower inflation?

Increase in unemployment

Decrease in national debt

Increase in export rates

Decrease in consumer spending

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main goals of the Federal Reserve's mission?

Ensure national security, control inflation, and reduce unemployment

Promote maximum employment, stable prices, and moderate long-term interest rates

Increase economic growth, stabilize the currency, and promote trade balances

Reduce poverty, control inflation, and promote technological advancements

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the primary purposes of the Federal Reserve?

Fiscal Policy (Taxes & Spending)

Monetary Policy (Money Supply

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