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Monetary Policy revision

Total questions: 15

Worksheet time: 15mins

Name
Class
Date
1.
When the government spends more money than they take in each year is called a _________?
a)
Debt
b)
Deficit
c)
Surplus
d)
Expansionary
2.

Monetary Policy is the Federal Reserve Systems attempt to...

a)

control the amount of money in circulation

b)

control the Federal Government's debt

c)

control state governments' spending

d)

none of these answers are correct.

3.

An expansionary policy means that the Fed is attempting to

a)

increase the size of the nation's money supply

b)

decrease the size of the nation's money supply

4.

A contractionary policy means that the Fed is attempting to

a)

increase the size of the nation's money supply

b)

decrease the size of the nation's money supply

5.

Which policy would help fight inflation?

a)

Expansionary

b)

Contractionary

6.

During a recession, the Fed should use...

a)

an expansionary policy

b)

a contractionary policy

7.
Selling bonds
a)
increases money supply
b)
decreases money supply
8.
Which of the following scenarios would cause the nation’s money supply to increase?
a)
Decreasing government spending
b)
Lowering interest rates
c)
Raising interest rates
d)
Selling bonds to investors
9.
The Fed keeps a certain amount of money out of circulation. This is referred to as....
a)
Reserve requirement
b)
Emergency Fund
c)
Stockpile
d)
Hoard
10.

Quantitative Easing: Increasing the money supply and using these electronically created funds to buy government bonds or other securities.

a)

Done by Central Bank

b)

Done by commercial Bank

c)

Done by Investment bank

d)

None of the above

11.

Quantitative easing is a form of

a)

Expansionary fiscal policy

b)

Expansionary monetary policy

c)

Contractionary monetary policy

d)

Contractionary fiscal policy

12.

The aim of quantitative easing is to increase economic activity by

a)

By selling bonds

b)

By encouraging bank lending, investment and therefore help improve the rate of economic growth.

c)

By decreasing the interest rate

d)

By reducing tax rate

13.

Therefore the aim of QE is to

a)

Deflation

b)

Disinflation

c)

Decrease inflation

d)

Increase inflation

14.

The aim of quantitative easing is to:

a)

Increase bank lending leading to higher investment. This should stimulate economic growth

b)

Decrease bank lending leading to higher investment. This should stimulate economic growth

c)

Increase bank lending leading to higher investment. This should decrease Unemployment rate

d)

Decrease bank lending leading to higher investment. This should stimulate more employment

15.

How do you feel about monetary policy? if you have any remaining questions write them below.

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