Federal Reserve Board Quiz

Federal Reserve Board Quiz

12th Grade

10 Qs

quiz-placeholder

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Federal Reserve Board Quiz

Federal Reserve Board Quiz

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Rachel Henley

Used 8+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main job of the Chairman of the Federal Reserve Board?

Regulate the U.S. economy

Enforce tax laws

Manage foreign relations

Control the military

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main objectives of the Federal Reserve Board?

Maintain full employment, control inflation, and set interest rates

Regulate international trade, enforce antitrust laws, and protect consumer rights

Stimulate exports, reduce imports, and balance the budget

Increase government spending, reduce taxes, and print more money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who influences the Chairman of the Federal Reserve Board in making financial policy decisions?

The World Bank and the International Monetary Fund

The Secretary of the Treasury and the Secretary of Commerce

The President and the Congress

The 12 regional Federal Reserve Bank presidents and the seven members of the Board of Governors

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Federal Reserve Board do to stimulate the economy?

Raise taxes

Buy more bonds

Increase interest rates

Reduce government spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the minimum wage paid to Irma?

$8.50 an hour

$7.25 an hour

$6.00 an hour

$9.75 an hour

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of the Federal Reserve Board in controlling the money supply?

Print more money

Encourage people to save money

Invest in the stock market

Limit the amount of money banks can lend

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Federal Reserve Board do to inspire confidence about the economy?

Encourage people to spend their money

Promote excessive borrowing

Advise people to hoard their money

Discourage people from investing

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