Fiscal Policy/Federal Reserve Vocabulary

Fiscal Policy/Federal Reserve Vocabulary

11th Grade

25 Qs

quiz-placeholder

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Fiscal Policy/Federal Reserve Vocabulary

Fiscal Policy/Federal Reserve Vocabulary

Assessment

Quiz

Social Studies

11th Grade

Hard

Created by

Taylor Reedstrom

Used 2+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Fiscal Policy
Congress decisions on what to spend all the money on
the more money you make, the more taxes you have to pay/ less money, less taxes
A tax that goes towards your retirement fund
the governing body of the Federal Reserve System.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Personal Income Tax
Sharing power between a central and regional authorities
A nickname for the Federal Reserve System
Money taken from your paychecks
A time when all of the bank functions were handled by state banks...1837-1864

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Social Security Tax
Everyone pays the same amount of taxes, rich or poor
A nickname for the Federal Reserve System
Sharing power between a central and regional authorities
A tax that goes towards your retirement fund

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Sales Tax
the governing body of the Federal Reserve System.
A tax added to anything that you buy
A time when all of the bank functions were handled by state banks...1837-1864
The Central Bank for the United States, sets interest rates and manage the money supply

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Property Tax
A tax subtracted from another tax
There are 12 total Fed Banks
A nickname for the Federal Reserve System
a tax added on property of buildings, land, homes, etc.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Excise Tax
Congress decisions on what to spend all the money on
A time when all of the bank functions were handled by state banks...1837-1864
An “extra” tax put on items that are not necessarily “needs”
They set the monetary policy and allows the Federal Reserve System to carry out its function

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Progressive Tax
the more money you make, the more taxes you have to pay/ less money, less taxes
Everyone pays the same amount of taxes, rich or poor
They set the monetary policy and allows the Federal Reserve System to carry out its function
Sharing power between a central and regional authorities

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