Federal Reserve System Quiz

Quiz
•
Others
•
11th Grade
•
Hard

Cheyanne Reedy
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
What year was the Federal Reserve System established?
1913
1929
1965
1945
2.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
How many members are on the Board of Governors?
12
7
5
9
3.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
Which of the following is NOT a goal of the Federal Reserve?
Economic growth
Maximum employment
Currency devaluation
Price stability
4.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
Where is the Board of Governors located?
San Francisco
Washington, D.C.
Chicago
New York
5.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
What is the primary function of the Federal Open Market Committee (FOMC)?
Issue currency
Provide financial services
Regulate banks
Control monetary policy
6.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
Which tool involves buying and selling government securities?
Interest rate adjustments
Open market operations
Discount rate
Reserve requirements
7.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
What happens when the Fed lowers the discount rate?
Slows down inflation
Decreases money supply
Increases reserve requirements
Encourages borrowing and spending
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