The central bank of the United States that sets policies designed to control the money supply is called the
Monetary Policy Practice Questions

Quiz
•
Social Studies
•
12th Grade
•
Hard
Lori King
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Congressional Bank
Bank of the United States of America
Federal Reserve
Bank of U.S. Governors
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many Federal Reserve districts are there?
6
7
9
12
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Monetary policy is best described as
Benefits received by employees in addition to wages and salaries
Actions by the Federal Reserve to expand or contract the money supply
A system that relies on supply and demand to determine the value of currencies
Actions by the Federal Government using spending to influence the economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are the four MAIN components of the Federal Reserve?
a. Board of Governors, FOMC, Congress, and the 12 District Banks
b. Boards of Governors, 12 District Banks, Member Banks, and Congress
c. Board of Governors, FOMC, 12 District Banks, Member Banks
d. FOMC, Advisory Committee, 12 District Banks, and the Member Banks**
5.
DROPDOWN QUESTION
30 sec • 1 pt
A(n) (a) would expand the money supply and tends to lower interest rates.
tight money policy
easy money policy
6.
DROPDOWN QUESTION
30 sec • 1 pt
The Federal Reserve is the (a) centralized bank of the United States.
government owned
privately owned
7.
DROPDOWN QUESTION
30 sec • 1 pt
If the Real GDP is declining and the unemployment rate is increasing, the Federal Reserve may wish to enact (a) .
tight money policy
easy money policy
8.
DRAG AND DROP QUESTION
30 sec • 1 pt
When will banks restrict the number of loans given to people? (a)
Easy money policy
Tight money policy
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