Money & Federal Reserve Pre Assessment

A U.S. president appears on every monetary denomination.

• True

• False

Which individual appears on the $50 bill?

• Benjamin Franklin

• Abraham Lincoln

• Ulysses S. Grant

• Andrew Jackson

Which individual appears on the $10 bill?

• Grover Cleveland

• George Washington

• William McKinley

• Alexander Hamiltion

The $2 bill is still circulated and accepted as payment in the U.S.

• True

• False

Which car company also doubles as the term to describe currency that is not commodity-backed.

• Audi

• Dodge

• Chrysler

• Fiat

The Federal Reserve is the central bank of the United States.

• True

• False

The Federal Reserve is comprised of 10 districts spread across the U.S.

• True

• False

The federal government, not the Federal Reserve, is responsible for printing money.

• True

• False

The U.S. president has the final say in all monetary policy decisions.

• True

• False

The Federal Reserve must supervise banks in addition to setting monetary policy in the United States.

• True

• False