Economics

38 Questions  I  By Lillsar95
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Economics Quizzes & Trivia
Monetary Policy

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