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

Monetary Policy and the Fed's Dual Mandate

Interactive Video
•
Social Studies
•
6th - 10th Grade
•
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
Create a free account and access millions of resources
Similar Resources on Wayground
6 questions
How Is "Transitory" Inflation Going?: A Bigger Problem

Interactive video
•
7th - 12th Grade
11 questions
Understanding the Federal Reserve

Interactive video
•
9th - 12th Grade
11 questions
Understanding the Federal Reserve's Monetary Policy

Interactive video
•
10th Grade - University
7 questions
Federal Reserve System

Interactive video
•
10th Grade
6 questions
Fed Cites Improved Labor Market, Ends QE as Planned

Interactive video
•
11th - 12th Grade
11 questions
Federal Reserve Policy and Tools

Interactive video
•
11th - 12th Grade
11 questions
Bill Dudley Sees Inflation Lower by Mid-2022

Interactive video
•
11th Grade - University
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Social Studies
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade