Unit 4 Test Review #2: Federal Reserve & Monetary Policy

Unit 4 Test Review #2: Federal Reserve & Monetary Policy

12th Grade

8 Qs

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Unit 4 Test Review #2: Federal Reserve & Monetary Policy

Unit 4 Test Review #2: Federal Reserve & Monetary Policy

Assessment

Quiz

Social Studies

12th Grade

Easy

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Used 11+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The interest rate banks charge each other for overnight loans...

Discount Rate

Prime Rate

Federal Funds Rate

LIBOR

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Monetary policy used to stimulate the economy (increase economic growth)

Increasing the money supply (expansionary monetary policy)

Decreasing the money supply (contractionary monetary policy)

Maintaining the current money supply (neutral monetary policy)

Increasing interest rates to curb inflation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Group members are nominated by the President and confirmed by the Senate

Board of Governors of the Federal Reserve

Federal Open Market Committee

Federal Reserve Bank Presidents

Federal Advisory Council

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Changes in __________ _____ through monetary policy influence how individuals manage their personal finances.

Inflation rates

Exchange rates

Interest rates

Tax rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jill owns a real estate company that sells houses in the local area. She is happy when she hears on the news that the Federal Reserve plans on changing interest rates. What must the Fed be planning on doing to interest rates - raising or lowering them?

Raising interest rates

Lowering interest rates

Keeping interest rates the same

Increasing property taxes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purpose of the Federal Reserve...

to control the money supply through the use of monetary policy

to regulate the stock market and ensure fair trading

to provide loans to individuals and businesses directly

to manage the federal budget and allocate government spending

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Monetary policy that is used to lower inflation rates by decreasing the money supply and increasing interest rates is called...

Contractionary monetary policy

Expansionary monetary policy

Accommodative monetary policy

Neutral monetary policy

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This group is made up of the Board of Governors and presidents of the district reserve banks; they are tasked with making recommendations on monetary policy actions.

Federal Open Market Committee

Monetary Policy Advisory Board

Federal Reserve Bank Council

National Economic Committee

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