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- 1. Multiple Choice"The Fed" refers to the....Federal Bureau of InvestigationFederal GovernmentFederal Reserve SystemFederal Income Tax
- 2. Multiple ChoiceThe Federal Reserve System was established in1799191318631881
- 3. Multiple ChoiceThe Federal Reserveis made up of 12 district banks and 25 branch banks.is managed by a 12-member board of directors.is made up of district banks that operate independently from one another.
- 4. Multiple ChoiceFee charged to borrow moneyInflationInterestDiscount rateReserve requirement
- 5. Multiple ChoiceWhich part of the Fed decides when to raise or lower interest rates?Board of GovernorsAdvisory CommitteeChairmanFederal Open Market Committee
- 6. Multiple ChoiceInfluencing the economy by changing the reserve requirement is called:Fiscal policyMonetary policyTight MoneyEasy Money
- 7. Multiple ChoiceWhat does Inflation do to the value of money?Makes it go up.Makes it go down.Makes it stay the same.
- 8. Multiple ChoiceDoes increasing the money supply cause inflation or deflation?InflationDeflation
- 9. Multiple ChoiceThe primary role of the Federal Reserve Bank is to steer the economy bycontrolling the budgetsetting spending levels.controlling the money supply.loaning out money.
- 10. Multiple ChoiceIn a recession, the Fed would likelyIncrease the supply of money in the economyDecrease the supply of the money in the economy
- 11. Multiple ChoiceWhat is the gold standard?one unit of currency is equal to a set amount of goldthe level by which gold is judgedthe use of gold as a medium of exchangethe idea that gold can buy everything
- 12. Multiple ChoiceThe American Dollar bill is an example ofCommodity CurrencyRepresentative CurrencyFiat CurrencyPublic Currency
- 13. Multiple ChoiceThe Federal Reserve can increase __________, which makes banks more selective when loaning out moneyReserve RequirementsPercentage/Earnings RatiosDividendsBlue Chip Stocks
- 14. Multiple ChoiceIf the economy is expanding too quickly, the Federal Reserve will institute which type of monetary policy?ExpansionaryContractionaryEquanimitousWhole Dollar
- 15. Multiple ChoiceThe current chairperson of the Federal Reserve is:
Jerome Powell
Alan Greenspan
Ben Bernanke
Janet Yellen
- Answer choicesTagsAnswer choicesTags