Federal Reserve System Quiz (Chapter 1)

Federal Reserve System Quiz (Chapter 1)

9th Grade

10 Qs

quiz-placeholder

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Federal Reserve System Quiz (Chapter 1)

Federal Reserve System Quiz (Chapter 1)

Assessment

Quiz

Financial Education

9th Grade

Practice Problem

Medium

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10 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the Federal Reserve System?

The central banking system of the United States

A federal law enforcement agency

A national healthcare program

A government department for education

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Where and when was the basic plan for the Federal Reserve System drafted?

In Washington, D.C. in 1913

In New York City in 1910

In Philadelphia in 1912

At Jekyll Island in 1910

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Who attended the secret meeting at J.P. Morgan's resort on Jekyll Island?

Nelson Aldrich

Henry Davison

Paul Warburg

All of the above

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What were the five objectives of the Federal Reserve System as stated in the summary?

To conduct the nation's monetary policy

To supervise and regulate banking institutions

To maintain the stability of the financial system

To provide financial services to depository institutions

All of the above

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Secrecy was important for the meeting held at Jekyll Island because:

It was a private social gathering.

It involved planning the Federal Reserve System.

It was a meeting of literary figures.

It was a secret military operation.

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Who were the seven men who attended the secret meeting on Jekyll Island?

Nelson Aldrich, A. Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip, Paul Warburg, Benjamin Strong

John Rockefeller, J.P. Morgan, Andrew Carnegie, Henry Ford, Thomas Edison, Alexander Graham Bell, Nikola Tesla

George Washington, Thomas Jefferson, John Adams, Benjamin Franklin, Alexander Hamilton, John Jay, James Madison

Winston Churchill, Franklin D. Roosevelt, Joseph Stalin, Harry Truman, Dwight D. Eisenhower, Charles de Gaulle, Douglas MacArthur

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"The Fed" refers to the....

Federal Bureau of Investigation

Federal Government

Federal Reserve System/Bank

Federal Income Tax

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