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Federal Reserve Vocab Quiz

Authored by Datrell Morgan

Business

7th Grade

Used 8+ times

Federal Reserve Vocab Quiz
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

When was the Federal Reserve established?

1900

1913

1929

1945

2.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Why was the Federal Reserve created?

To regulate the banking system

To control inflation

To manage the national debt

To oversee the stock market

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Who signed the Federal Reserve Act into law?

Woodrow Wilson

Theodore Roosevelt

William Howard Taft

Franklin D. Roosevelt

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What are the main components of the Federal Reserve System?

Board of Governors, Federal Open Market Committee, and 12 Regional Banks

President, Congress, and Supreme Court

House of Representatives, Senate, and Executive Branch

State Governments, Local Governments, and Federal Agencies

5.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

How many members are there in the Board of Governors?

10

7

15

20

6.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Why is regulation important for the financial system?

To ensure stability and protect consumers

To increase market volatility

To reduce transparency

To limit market access

7.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

"The Fed" refers to the....

Federal Bureau of Investigation

Federal Government

Federal Reserve System/Bank

Federal Income Tax

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