Money Banking and the Federal Reserve

Money Banking and the Federal Reserve

12th Grade

15 Qs

quiz-placeholder

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Money Banking and the Federal Reserve

Money Banking and the Federal Reserve

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

John Robinson

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Media Image

You have been selected as Chairman of the Federal Reserve System by the president and confirmed by Congress when the US economy is during an expansionary phase of the business cycle. As chairman of the FED, ________ is your greatest concern.

inflation

cyclical unemployment & its impact on the retail and industrial sectors

deflation

where to eat lunch

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Media Image

How is the Chairman of the FRS selected for the job?

the former Chairman chooses the new Chairman

the President nominates the candidate & the Senate confirms the candidate selected

interested candidates apply for it online

the head of the regional banks with the most seniority gets the job

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Media Image

As Chairman of the FRS, you are presented with the situation in this graph. You recognize the situation as one of

deflation

Expansion

Contraction

recession

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The _____ is the central bank of the United States.

Financial institutions

Federal Reserve System

District Banks

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Coins and paper bills make up the _____ of the United States.

barter

currency

debt

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_____ carry out Fed policy and oversee banking within its district.

Financial Institutions

Federal Reserve System

District banks

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_____ is the changing of the money supply to create economic growth.

Monetary policy

Fiscal year

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