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CE.13d Quiz

Total questions: 15

Worksheet time: 11mins

Name
Class
Date
1.
What is the name of our nation's central bank?
a)
The Federal Reserve
b)
The United States National Bank
c)
The National Bank of the United States
d)
Bank of America
2.
The Federal Reserve maintains the _______ of our currency.
a)
value
b)
design
c)
trading
d)
color
3.
Is the Fed doing its job if inflation is 20%?
a)
Yes, it's the Fed's job to keep inflation high.
b)
Yes, it's the Fed's job to monitor inflation.
c)
No, the Fed is supposed to preserve the value of the dollar.
d)
The Fed doesn't have anything to do with the value of the dollar.
4.
Is the Fed doing its job if inflation is .5%?
a)
Yes, it's the Fed's job to keep inflation low.
b)
Yes, it's the Fed's job to monitor inflation.
c)
No, the Fed is not supposed to preserve the value of the dollar.
d)
The Fed doesn't have anything to do with the value of the dollar.
5.
This bank is about to go out of business because everyone is trying to get his or her money out at once.  Is the Fed doing its job?
a)
Yes
b)
No
6.
The Fed ______________ banks to ensure the soundness of the banking system.
a)
regulates
b)
closes
c)
opens
d)
runs
7.
The fed manages the amount of __________ in the economy to try to keep inflation low and stable.
a)
money
b)
people
c)
companies
d)
credit cards
8.
Is the fed doing its job?
a)
Yes
b)
No
9.
The ___________ acts as the federal government's bank
a)
Federal Reserve Bank
b)
Bank of America
c)
First Bank of the United States
d)
National Bank of the United States
10.

Where is the Federal Reserve located?

a)

New York, NY

b)

Hampton, VA

c)

Washington D.C.

d)

Richmond, VA

11.

What description best supports the function of the Federal Reserve System?

a)

State's central bank

b)

Nation's central bank

c)

Locality's central bank

d)

City's central bank

12.

Choose the key figures that make up the Federal Reserve System.

a)

12 reserve banks

b)

Board of Governors

c)

President of the Fed

d)

Chairperson

13.

Fill in the blank: The _______________________ is appointed by the president and is approved by the ____________________.

a)

Chairperson: President

b)

President; Senate

c)

Federal Reserve; Congress

d)

President; Chairperson

14.

The Fed influences the money supply and interest rates in the economy to keep this low and stable-

a)

Supply

b)

Price

c)

Interest

d)

Inflation

15.

Fill in the blank: The Federal Reserve regulates banks to ensure the soundness of the banking system and safety of ______________________.

a)

Loans

b)

Stocks

c)

Deposits

d)

Interest