Federal Reserve Quiz

Federal Reserve Quiz

12th Grade

60 Qs

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Federal Reserve Quiz

Federal Reserve Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Elizabeth Coughlin

Used 2+ times

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60 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the Federal Reserve according to the Federal Reserve Act?

Conduct the monetary policy of the United States

Print money for the government

Manage international trade agreements

Control the stock market

2.

DROPDOWN QUESTION

30 sec • 1 pt

The Federal Reserve Act was signed, creating the Federal Reserve, in (a)   .

1913
1920
1905
1898

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of the Federal Reserve System as established by Congress?

To control inflation and unemployment

To provide loans to private banks

To regulate international trade

To manage the national budget

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many member banks are part of the Federal Reserve System?

10

12

15

20

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who appoints the members of the Board of Governors for the Federal Reserve?

The Senate

The President of the United States

The House of Representatives

The Supreme Court

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main policy tools used by the Federal Reserve?

Setting tax rates

Regulating international trade

Targeting the federal funds rate

Issuing government bonds

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main role of the Federal Open Market Committee (FOMC)?

To regulate commercial banks directly

To manipulate the interest rate through open market operations

To set tax rates for the federal government

To manage the national budget

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