What are the two main goals given to the Federal Reserve by Congress?

Monetary Policy and the Fed's Dual Mandate

Interactive Video
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Social Studies
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6th - 10th Grade
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Medium

Sophia Harris
Used 9+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest rate adjustment and inflation control
Banking regulation and fiscal policy
Maximum employment and price stability
Economic growth and international trade
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does price stability mean according to the Federal Reserve?
Prices never change
Prices increase at a rapid pace
Prices decrease over time
Inflation rate remains low and stable
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does maximum employment refer to?
The highest level of employment sustainable over time
Zero unemployment
A situation where there are more jobs than workers
Employment where everyone works part-time
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the desired inflation rate target by the FOMC?
1%
2%
3%
4%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often does the FOMC meet to review economic conditions?
Four times a year
Twelve times a year
Twice a year
Eight times a year
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary short-term interest rate that the FOMC targets?
Mortgage rate
Prime rate
Discount rate
Federal funds rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when the FOMC increases the target range for the federal funds rate?
Economic activity increases
Inflation decreases
Households and businesses spend more
Interest rates on loans and mortgages decrease
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