Why Do We Have Central Banks?
Interactive Video
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Business, Social Studies
•
11th Grade - University
•
Hard
Wayground Content
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main reasons countries allow central banks to have significant power?
To manage international relations
To control political decisions
To prevent economic crashes
To increase government revenue
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a function of central banks?
Regulating the stock market
Setting the official interest rate
Managing a country's gold reserves
Acting as a lender of last resort
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why was the Federal Reserve System created?
To increase government control over banks
To prevent future financial panics
To manage international trade
To regulate the stock market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three main objectives of the Federal Reserve's monetary policy?
Regulating banks, managing stock market, controlling foreign exchange
Controlling inflation, reducing taxes, increasing government spending
Increasing exports, reducing imports, stabilizing currency
Maximizing employment, keeping prices stable, managing interest rates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the Federal Reserve System structured?
As a single central bank with branches in each state
As a private corporation owned by major banks
As a decentralized system with 12 regional banks
As a government department under the Treasury
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What makes the Federal Reserve largely independent from politics?
It does not require presidential approval for its actions
It is funded by Congress
Its board members are elected by the public
It is a part of the executive branch
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do central banks remain controversial despite their importance?
They operate without any transparency
They have both private and public characteristics
They are solely focused on profit-making
They are fully controlled by the government
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