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WorksheetsCivics 7 Money Management Review 2
Total questions: 15
Worksheet time: 15mins
In what district is San Francisco the location for the Federal Reserve?
4
8
12
16
What Federal Reserve district is Tuscaloosa in?
Dallas
Atlanta
St. Louis
Kansas City
In what city is the Federal Reserve located in district 11?
Dallas
Atlanta
Richmond
Cleveland
The dollar value of all goods and services produced annually in the United States is called
The national debt
Gross domestic product
The federal deficit
Mass production
Today, a significant portion of the U.S. workforce is dedicated to
Producing goods
Providing services
Inspecting meats and other foods
Transporting goods
To prevent depositors form losing money in bank failures, the government established the
Federal Reserve System
National Credit Union Association
Resolution Trust Corporation
Treasury Department
The 12 Federal Reserve System Federal Reserve banks
Handle the banking needs of the U.S. government
Control the banking system
Lend money to other banks
All the above
If a person accidentally writes a check for more than the amount in his or her bank account, he or she
may be charged a(n)
Overdraft penalty
Down payment
Premium
Credit
In which type of economy are economic decisions based on how things have been done in the past?
Traditional
Command
Market
Supply and demand
In which type of economy are economic decisions made by a central authority like the government?
Traditional
Command
Market
Supply and demand
In which type of economy are economic decisions based on how buyers and sellers interact in the marketplace?
Traditional
Command
Market
Supply and demand
In which type of economic system are people free to make decisions about whether they will buy or sell goods and services and what goods and services they will buy or sell.
Command
Traditional
Market
Supply and demand
What type of economy does the United States have?
Traditional
Command
Market
None of the above
True or False: Competition amongst businesses is GOOD for consumers.
True
False
True or False: Most command economies grow and are successful.
True
False
