Federal Reserve System Quiz

Federal Reserve System Quiz

12th Grade

8 Qs

quiz-placeholder

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Federal Reserve System Quiz

Federal Reserve System Quiz

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Crystal Perry

Used 2+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary role of the Federal Reserve System in the United States?

To provide educational services

To manage the nation's money supply

To oversee national defense

To regulate international trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many regional Federal Reserve Banks are there in the United States?

5

10

12

20

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who appoints the Board of Governors of the Federal Reserve?

The Senate

The President

State Governors

The Supreme Court

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Fed responsible for ensuring about the nation's banking system?

That it promotes international trade

That it is sound and safe

That it supports only private banks

That it collects taxes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the title of the person in charge of the Federal Reserve?

The Fed Chairman

The Secretary of Treasury

The Chief Economist

The Governor General

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary reason for the creation of the Federal Reserve in 1913?

To introduce a new currency

To fund the government's expenditures

To stabilize and strengthen the U.S. banking system

To increase the stock market's efficiency

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which event specifically triggered the realization that led to the creation of the Federal Reserve?

The stock market crash of 1929

The bank panic of 1907

The start of World War I

The signing of the Treaty of Versailles

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