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Economics

38 Questions  I  By Lillsar95
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Economics Quizzes & Trivia
Monetary Policy

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