Fiscal and Monetary Policy Quiz

Fiscal and Monetary Policy Quiz

12th Grade

14 Qs

quiz-placeholder

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Fiscal and Monetary Policy Quiz

Fiscal and Monetary Policy Quiz

Assessment

Quiz

Business

12th Grade

Medium

Created by

THOMAS PICKERILL

Used 1+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the goal of expansionary fiscal policy?

Increase taxes and reduce consumer spending

Stimulate economic growth and increase aggregate demand

Reduce government spending and decrease aggregate demand

Slow down economic growth and decrease aggregate demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of contractionary fiscal policy?

Decreasing taxes

Increasing government spending

Lowering interest rates

Increasing taxes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary tool used by the Federal Reserve for open market operations?

Cryptocurrency

Government securities

Real estate

Credit cards

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the discount rate refer to in monetary policy?

The discount rate refers to the tax rate on consumer goods

The discount rate refers to the price reduction on government bonds

The discount rate refers to the exchange rate between different currencies

Interest rate at which the Federal Reserve lends to commercial banks

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the reserve requirement in monetary policy?

To limit the amount of interest banks can charge on loans

To encourage banks to invest in risky assets

To ensure that banks have enough cash on hand for daily operations

To control the amount of money banks can lend out and to influence the money supply in the economy.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a tool of expansionary fiscal policy?

Increase in government spending

Decrease in government spending

Increase in taxes

Reduction in public investment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of contractionary fiscal policy?

Increase inflation and speed up economic growth

Stabilize prices and encourage economic expansion

Reduce inflation and slow down economic growth

Promote unemployment and reduce government spending

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