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- 1. Multiple Choice"The Fed" refers to the....Federal Bureau of InvestigationFederal GovernmentFederal Reserve SystemFederal Income Tax
- 2. Multiple ChoiceInfluencing the economy by changing the reserve requirement is called:Fiscal policyMonetary policyTight MoneyEasy Money
- 3. Multiple ChoiceWhat does Inflation do to the value of money?Makes it go up.Makes it go down.Makes it stay the same.
- 4. Multiple ChoiceDoes increasing the money supply cause inflation or deflation?InflationDeflation
- 5. 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.
- 6. Multiple ChoiceIn a recession, the Fed would likelyIncrease the supply of money in the economyDecrease the supply of the money in the economy
- 7. Multiple ChoiceThe Federal Reserve can increase __________, which makes banks more selective when loaning out moneyReserve RequirementsPercentage/Earnings RatiosDividendsBlue Chip Stocks
- 8. Multiple ChoiceIf the economy is expanding too quickly, the Federal Reserve will institute which type of monetary policy?ExpansionaryContractionaryEquanimitousWhole Dollar
- 9. Multiple Choice
The current chairperson of the Federal Reserve is:
Jerome Powell
Alan Greenspan
Ben Bernanke
Janet Yellen
- 10. Multiple ChoiceThe central bank of the United States is the:Federal Reserve Banking System.Comptroller's Bank.United States National Bank.U.S. Treasury Bank.
- 11. Multiple ChoiceIf the United States is experiencing inflation, the Fed will likelyIncrease the supply of money in the economyDecrease the supply of money in the economy
- 12. Multiple Choice
The Fed keeps a certain amount of money out of circulation. This is referred to as the...
Reserve requirement
Emergency Fund
Stockpile
Hoard
- 13. Multiple Choice
The tools and strategies used by the Fed to stabilize the economy are called...
Fiscal policy
Monetary policy
Tight Money
Easy Money
- 14. Multiple Choice
A rise in the cost of goods and services is called...
inflation
discount rate
interest
deflation
- 15. Multiple ChoiceMoney loses its value when itIt becomes too plentifulbecomes too portabaleis divisibleis durable
- 16. Multiple ChoiceThe goal of monetary policy is tosell bondsreduce unemploymentseek price stabilityred and blue
- 17. Multiple ChoiceThe Federal Reserve uses ______ to regulate the economy.Monetary PolicyFiscal Policy
- 18. Multiple ChoiceWhich of the following is contractionary policy?buying bondsincreasing fed fund ratedecreasing discount ratedecreasing required reserves
- 19. Multiple Choice
The Federal Reserve...
Regulates the amount of money.
Supervises Banks.
Provides Financial Services.
All of the above.
- 20. Multiple ChoiceThe Fed ______________ banks to ensure the soundness of the banking system.regulatesclosesopensruns
- Answer choicesTagsAnswer choicesTags