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Economics

38 Questions  I  By Lillsar95
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Economics Quizzes & Trivia
Monetary policy

  
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Question Excerpt

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1.  What is Excess Reserve?
A.
B.
2.  When would the Fed decide to increase the interest rates?
A.
B.
C.
D.
3.  Which person is the current federal reserve chairman?
A.
B.
C.
D.
4.  Unemployment: 6.2% GDP Growth: -0.3% Inflation: 1.7% What effect will your change in the money supply have on interest rates?
A.
B.
C.
5.  Initial Deposit = $100 Reserve Requirement = 10% How much money will be created from this initial deposite?
A.
B.
C.
D.
6.  GDP has dipped from 3% to 1% in the last year.
A.
B.
C.
7.  The Fed senses that people are not saving enough.
A.
B.
C.
8.  How long is the term of the fed chairman?
A.
B.
C.
D.
9.  Easy money =
A.
B.
C.
D.
E.
F.
10.  Tight money =
A.
B.
C.
D.
E.
F.
11.  What happens to the money supply when the Fed sells government securities?
A.
B.
C.
12.  What type of money is used in the USA today?
A.
B.
C.
D.
13.  Which of these is not one of the functions of money?
A.
B.
C.
D.
14.  When would the Fed decide to increase the money supply?
A.
B.
C.
15.  Unemployment: 6.2% GDP Growth: -0.3% Inflation: 1.7% What is the major problem confronting this economy?
A.
B.
16.  Initial Deposit = $100 Reserve Requirement = 10% What is the amount of excess reserves?
A.
B.
C.
D.
17.  The USA is experiencing both high inflation and high unemployment.
A.
B.
C.
18.  The consumer price index is up and housing starts are at a 15 year high.
A.
B.
C.
19.  The equation for finding out the total amount of money created is:
A.
B.
C.
20.  What term is used to rescribe the money that the banks must keep from every deposit?
A.
B.
C.
D.
21.  How is money created in our economy?
A.
B.
C.
D.
22.  What happens to the money supply when the Fed lowers the reserve reqirements?
A.
B.
C.
23.  How do we calculate the money multiplier?
A.
B.
C.
D.
24.  What happens to the money supply when the Fed raises the discount rate?
A.
B.
C.
25.  Initial Deposit = $100 Reserve Requirement = 10% What is the money multiplier?
A.
B.
C.
D.
26.  Unemployment: 6.2% GDP Growth: -0.3% Inflation: 1.7% What combination of actions by the Fed would achieve all the desired effects? (HINT: easy money = ____)
A.
B.
C.
D.
27.  Unemployment: 6.2% GDP Growth: -0.3% Inflation: 1.7% What type of monetary policy is needed?
A.
B.
28.  Which of these is not an option the Federal Reserve has to control the economy?
A.
B.
C.
D.
29.  What is Lag Time?
A.
B.
C.
D.
30.  How long do the board of gonvernors serve for?
A.
B.
C.
D.
31.  The equation for the excess reserve is:
A.
B.
C.
32.  Who appoints the fed chairman?
A.
B.
C.
D.
33.  Unemployment is at 11% and inflation is at 2%.
A.
B.
C.
34.  What is the name of the 7 people who are at the top of the federal reserve structure?
A.
B.
C.
D.
35.  Which portion of the fed actually gets to decide on monetary policy?
A.
B.
C.
D.
36.  What is Required Reserve?
A.
B.
37.  Which district bank president is allowed to always serve on the FOMC and never has to rotate?
A.
B.
C.
D.
38.  Prices are stable, and the GDP is growing at a 3% rate.
A.
B.
C.
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