
Ohio/Econ Test Readiness Assessment
Authored by Aimee Wilson
Social Studies
9th - 12th Grade
Used 3+ times

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21 questions
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1.
MATCH QUESTION
1 min • 5 pts
VOCAB: Match the term to its definition.
Amount of Money banks keep on hand
Discount Rate
Fee paid on loans (Interest)
Reserve Requirement
Spending more money than you make
Securities/Bonds
Loan to gov paid back with interest
Entitlements
Social Security, Medicare, Medicaid
Deficit
2.
MATCH QUESTION
1 min • 5 pts
VOCAB: Match the term to its definition.
More money you make the more you pay
Progressive Tax
tax on imports and exports
Regressive Tax
Money spent on gov programs
Government Spending
Income, sales and other fees paid to gov
Tariffs
Flat tax-affects poor people more
Taxes
3.
MATCH QUESTION
1 min • 5 pts
VOCAB: Match the term to its definition.
Entitlements (SS, Medicare/Medicaid)
Inflation
All gov $ except entitlements
Mandatory Spending
Economy in decline for 6+months
Recession
Control where money goes in gov
Discretionary Spending
prices increase over time
Appropriate (gov definition)
4.
MATCH QUESTION
1 min • 5 pts
VOCAB: Match the term to its definition.
Spending = revenue ($ coming in)
Monetary Policy: Controlling...
Slow down the economy
Fiscal Policy
Speeding up the economy
Contractionary Policy: trying to
The amount of money in the economy
Balanced Budget
Controlling taxes and spending
Expansionary policy
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Econ Concept: To slow down the economy, the Fed SHOULD:
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Econ Concept: To slow down the economy, the Fed SHOULD:
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Econ Concept: To slow down the economy, the Government SHOULD:
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