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Economics

38 Questions  I  By Lillsar95
Economics Quizzes & Trivia
Monetary Policy

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