Economics

38 Questions  I  By Lillsar95
Please take the quiz to rate it.

Economics Quizzes & Trivia
Monetary Policy

  
Changes are done, please start the quiz.


Questions and Answers

Removing question excerpt is a premium feature

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

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz
We have sent an email with your new password.