Crash Course:Monetary and Fiscal Policy Quiz

To regulate state and local banks

To oversee international trade

To manage the stock market

To control the money supply

1929

1913

1945

1900

Clearing checks

Supplying currency

Regulating international trade

Setting interest rates

The interest rate the Fed charges banks for loans

The interest rate for mortgages

The interest rate banks charge each other

The interest rate for consumer loans

Banks not holding any reserves

Banks holding all deposits in reserve

Banks holding a fraction of deposits in reserve

Banks lending out all deposits

Money is taken out of the economy

Inflation increases

Money is added to the economy

Interest rates decrease

A general rise in prices

A decrease in the money supply

An increase in unemployment

A decrease in interest rates

The government's ability to control the money supply

The government's ability to raise taxes and spend money

The Federal Reserve's ability to set interest rates

The Federal Reserve's ability to regulate banks

High employment rates

High interest rates

Low inflation

Spending more money than raised in taxes

Education spending

Discretionary spending items

Defense spending

Mandatory spending items