Economics MCQ Exam: Trivia Quiz!

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1. Unemployment: 6.2% GDP Growth: -0.3% Inflation: 1.7%   What type of monetary policy is needed?
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Economics MCQ Exam: Trivia Quiz! - Quiz

Do you think you can pass the economics exam? This quiz can assist you with your studies. Corresponding to the examination, you can get an idea of what questions will be on the exam. You should figure out how money is created in the economy and the money banks keep... see morewith every deposit and the required reserve. This economics quiz was designed to help you prepare for the exam. see less

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