Federal Reserve Vocab Quiz
Quiz
•
Business
•
8th Grade
•
Hard
Datrell Morgan
Used 10+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
When was the Federal Reserve established?
1913
1920
1935
1945
2.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Why was the Federal Reserve created?
To regulate the banking system
To control inflation
To provide loans to businesses
To manage the national debt
3.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What are the main components of the Federal Reserve System?
Board of Governors, Federal Open Market Committee, and 12 regional Federal Reserve Banks
President, Congress, and Supreme Court
House of Representatives, Senate, and Executive Branch
Department of Treasury, Internal Revenue Service, and Federal Deposit Insurance Corporation
4.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
How many members are there in the Board of Governors?
10
7
15
20
5.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Why is regulation important for the financial system?
To ensure stability and protect consumers
To increase profits for financial institutions
To reduce competition in the market
To limit access to financial services
6.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
"The Fed" refers to the....
Federal Bureau of Investigation
Federal Government
Federal Reserve System/Bank
Federal Income Tax
7.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
One primary function of the Federal Reserve system is to
regulate stock market trading
preserve fair competition
keep deflation low and steady
act as a central bank of the United States
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