Govt. 16 Quiz

10 Questions

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Government Quizzes & Trivia

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Questions and Answers
  • 1. 
    The two main instruments that influence the economy are _______________________
    • A. 

      Supply and demand

    • B. 

      Financial and global

    • C. 

      Debt and expendiure

    • D. 

      Fiscal and monetary

  • 2. 
    The ______________________ serves as the central bank for the United States
    • A. 

      U.S. Treasury

    • B. 

      Fort Knox

    • C. 

      The Federal Reserve

    • D. 

      New York Stock Exchange

  • 3. 
    Public goods and services are provided by the government because the infrastructure and daily operational requirements are best served by the collective rather than private enterprise or corporation?
    • A. 

      True

    • B. 

      False

  • 4. 
    Certain agencies such as the Food and Drug Administration and the Consumer Product Safety Commission were created to protect the consumer against __________________ 
    • A. 

      Insecurity and theft

    • B. 

      Fraud and deception

    • C. 

      Bad business transactions and lost funds

    • D. 

      Fiscal and monetary decisions

  • 5. 
    The Federal Reserve determines U.S. fiscal policy?
    • A. 

      True

    • B. 

      False

  • 6. 
    The ______ amendment approves for Congress to legally levy taxes
    • A. 

      12th

    • B. 

      14th

    • C. 

      16th

    • D. 

      18th

  • 7. 
    The collection of taxes by government does NOT pay for which of the following?
    • A. 

      Build roads

    • B. 

      Build stadiums

    • C. 

      Maintain and fix bridges

    • D. 

      Provide first responders

  • 8. 
    • A. 

      Individual payroll taxes

    • B. 

      Company / corporate taxes

    • C. 

      Tariffs

    • D. 

      Salvation army donation

  • 9. 
    Monetary policy is the term used by Congress and the Administration?  
    • A. 

      True

    • B. 

      False