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Federal Reserve System Quiz

Authored by Cheyanne Reedy

Others

11th Grade

10 Questions

Used 3+ times

Federal Reserve System Quiz
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1.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

What year was the Federal Reserve System established?

1913

1929

1965

1945

2.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

How many members are on the Board of Governors?

12

7

5

9

3.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

Which of the following is NOT a goal of the Federal Reserve?

Economic growth

Maximum employment

Currency devaluation

Price stability

4.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

Where is the Board of Governors located?

San Francisco

Washington, D.C.

Chicago

New York

5.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

What is the primary function of the Federal Open Market Committee (FOMC)?

Issue currency

Provide financial services

Regulate banks

Control monetary policy

6.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

Which tool involves buying and selling government securities?

Interest rate adjustments

Open market operations

Discount rate

Reserve requirements

7.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

What happens when the Fed lowers the discount rate?

Slows down inflation

Decreases money supply

Increases reserve requirements

Encourages borrowing and spending

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