
Unit 1: History of Money Exam Review
Quiz
•
Business
•
8th Grade
•
Hard

Datrell Morgan
Used 4+ times
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39 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Which of the following terms refers to the process by which the Federal Reserve controls the money supply and interest rates to achieve economic goals?
Commercial banking
Monetary policy
Financial stability
Bartering
2.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What is the system of production, distribution, and consumption of goods and services in a country called?
Economy
Inflation
Recession
Monetary policy
3.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Money borrowed from banks that must be repaid with interest is known as:
Deposits
Currency
Loans
Bartering
4.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What is the term for money kept in banks by individuals and businesses?
Loans
Deposits
Currency
Inflation
5.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Which of the following are financial institutions that accept deposits and provide loans to individuals and businesses?
Commercial banks
Federal Reserve banks
Central banks
Bartering systems
6.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What is the cost of borrowing money or the return on savings called?
Inflation
Interest rates
Monetary policy
Financial stability
7.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What is the increase in prices over time called?
Recession
Inflation
Deposits
Bartering
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