Unit 3B Review

Unit 3B Review

12th Grade

25 Qs

quiz-placeholder

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Unit 3B Review

Unit 3B Review

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Cheryl Guy

Used 2+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the three basic functions of money?

store of value

unit of account

medium of exchange

exchange replacement for gold or other valuable metals

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jennifer went shopping at Target. She saw a cute blouse that cost $25 and a graphic tee that was $10. What function of money allows Jennifer to compare the value of the 2 tops?

store of value

unit of account

form of investment

medium of exchange

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of the Federal Reserve?

To manage the nation's monetary policy.
To regulate the stock market.
To oversee international trade agreements.
To manage the federal budget.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of monetary policy?

control the supply of money

To regulate international trade
To control inflation by raising taxes
To increase government spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why would the Federal Reserve raise interest rates?

To combat inflation and stabilize prices.

To lower unemployment rates and encourage borrowing.
To increase consumer spending and boost the economy.
To support government spending and reduce debt.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the 3 parts of the Federal Reserve's structure?

Federal Open Market Committee

Board of Governors

Federal Reserve Banks (12)

Government Oversight Office

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is the Federal Open Market Committee (FOMC) essential to US monetary policy?

The FOMC primarily focuses on international trade agreements.
The FOMC manages the federal budget and government spending.

The FOMC oversees open market operations.

The FOMC is responsible for regulating stock market prices.

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