Monetary Policy Quiz

Monetary Policy Quiz

Assessment

Passage

Other

12th Grade

Hard

Created by

simon Groom

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How effective has the implementation of monetary policy been in achieving the Federal Government's economic objectives?

It has been completely ineffective

It has been partially effective in stabilizing the economy

It has only affected the housing market

It has led to a decrease in employment levels

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the inflation target range set by the central bank in Australia?

1-2%

2-3%

3-4%

4-5%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main objective of the RBA (Reserve Bank of Australia)?

Achieving full employment and economic prosperity

Reducing government debt

Increasing export rates

Controlling the stock market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the headline rate of inflation measure?

The percentage change in prices over time

The rate of inflation excluding one-off or seasonal factors

The target range for inflation set by a central bank

The rate of inflation measured by changes in government taxes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main objective of the RBA in terms of economic prosperity?

Achieving economic prosperity and welfare of the people of Australia

Reducing government debt

Increasing export rates

Controlling the stock market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does one basis point equal to in percentage terms?

0.1%

0.01%

1%

10%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of open market operations by the Reserve Bank?

To influence the level of market interest rates and yields offered by commercial banks

To increase government spending

To collect taxes

To provide subsidies

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