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Economics

38 Questions  I  By Lillsar95
Economics Quizzes & Trivia
Monetary Policy

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