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Economics

38 Questions  I  By Lillsar95
Economics Quizzes & Trivia
Monetary Policy

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