Monetary Policy and the FedEx Game

What is the primary objective of the FedEx game introduced in the video?

• To understand international trade

• To explore economic history

• To practice monetary policy and calculate money supply

• To learn about fiscal policy

Which of the following is NOT a material needed to play the FedEx game?

• A computer or phone

• A calculator

• Scenario cards

• Game board

In the initial setup of the game, where do all the Fed chairs start?

• District 5

• District 10

• District 12

• District 1

What is the purpose of the scenario cards in the game?

• To provide historical data

• To tell players how the economy is doing

• To offer hints for winning

• To track scores

What should players do after clicking on the Fed action on the website?

• Restart the game

• Ask for help from the instructor

• Keep their results secret

• Share their results with the group

How is the total change in money supply calculated in the game?

• By subtracting the discount rate from the initial change

• By multiplying the initial change by the multiplier

• By dividing the initial change by the multiplier

• By adding the initial change to the reserve requirement

What is a strategic element players can use in the game?

• Trading scenario cards

• Skipping turns

• Lying about their results

• Using a calculator

What happens if a player is caught lying in the game?

• They gain extra points

• They move to the next district

• They stay in the current district

• They are out of the game

How many points does a player earn for reaching district 1 first?

• Two points

• Four points

• One point

• Three points

What is the final step after completing the game?

• Calculating the total score

• Starting a new game

• Providing feedback in the comments

• Reviewing the rules