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Grade 11 Quizzes, Questions & Answers

Recent Grade 11 Quizzes

Understanding the Carbon Cycle and Nitrogen Cycle

Questions: 24 | Attempts: 12 | Last updated: Mar 31, 2026

Sample Question
What is the atomic number of carbon?

6

7

8

12

Fractional Reserve Banking Quiz: How Banks Create Money

Questions: 15 | Attempts: 10 | Last updated: Mar 31, 2026

Sample Question
What is fractional reserve banking?

A system in which banks hold only a fraction of their deposits as reserves and lend out the rest

A system where banks invest all deposits in government bonds and keep no cash on hand

A system in which the government holds a fraction of all bank profits as a public reserve fund

A system where only the central bank is allowed to lend money to businesses and households

Credit Creation in Banking Quiz: Role of Commercial Banks

Questions: 15 | Attempts: 10 | Last updated: Mar 31, 2026

Sample Question
What is the primary way that commercial banks create credit in an economy?

By printing new currency notes on behalf of the central bank

By investing in government bonds through the open market

By accepting deposits and using a portion of those funds to make loans to borrowers

By collecting taxes and redistributing them as business grants

Lender of Last Resort Quiz: Central Bank Role

Questions: 15 | Attempts: 10 | Last updated: Mar 31, 2026

Sample Question
Which entity within the Federal Reserve System acts as the lender of last resort to financial institutions?

The 12 Federal Reserve Banks

The U.S. Department of the Treasury

The Federal Open Market Committee

The Securities and Exchange Commission

M1 vs M2 Money Supply Quiz: Narrow vs Broad Money

Questions: 15 | Attempts: 16 | Last updated: Mar 31, 2026

Sample Question
Which of the following best describes M1 money supply?

Savings accounts, money market funds, and small time deposits

Currency in circulation, demand deposits, and other liquid deposits

Stocks, bonds, and government securities

All bank deposits including long-term certificates of deposit

Money Supply Quiz: Definition and Measures

Questions: 15 | Attempts: 14 | Last updated: Mar 31, 2026

Sample Question
Which of the following best describes the basic money supply in the United States?

Stocks, bonds, and mutual funds

Currency, coins, and checking account deposits

Real estate and precious metals

Government treasury bills only

Cost-Push Inflation and AS Shift Quiz

Questions: 15 | Attempts: 11 | Last updated: Mar 31, 2026

Sample Question
What is cost-push inflation and how does it relate to a shift in aggregate supply?

Inflation caused by a rise in aggregate demand that pushes actual output above potential

Inflation caused by falling consumer confidence reducing spending across the economy

Inflation caused by rising production costs such as wages or raw material prices that shift the aggregate supply curve to the left

Inflation caused by central bank money supply growth exceeding economic output

Aggregate Supply Shift Factors Quiz: Causes of Shifts

Questions: 15 | Attempts: 10 | Last updated: Mar 31, 2026

Sample Question
What causes the aggregate supply curve to shift rather than simply move along the existing curve?

A change in the overall price level that causes firms to supply more or less output

A change in the underlying conditions of production such as input costs, technology, or the number of producers

A change in household income that alters consumer spending patterns

A change in government tax revenues that affects the federal budget balance

Deflationary Gap Quiz: Recessionary Gap

Questions: 15 | Attempts: 10 | Last updated: Mar 31, 2026

Sample Question
What is a deflationary gap in macroeconomics?

The difference between the nominal and real GDP caused by falling prices

The condition where actual real GDP falls below potential GDP, resulting in unused productive capacity and above-natural unemployment

The gap between government tax revenues and public spending during an economic slowdown

The difference between the money supply and the total value of goods in the economy

Inflationary Gap AD AS Model Quiz: Excess Demand in AD-AS

Questions: 15 | Attempts: 11 | Last updated: Mar 31, 2026

Sample Question
In the AD-AS model, where does an inflationary gap appear relative to the Long Run Aggregate Supply curve?

The AD curve intersects the SRAS to the left of the LRAS, showing output below potential

The LRAS shifts to the right to accommodate the higher level of output

The AD curve intersects the SRAS curve at a point to the right of the vertical LRAS, meaning actual output exceeds potential GDP

The SRAS shifts to the right to meet the new aggregate demand at a lower price level

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