The Fed Exam

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6 points

Commodity money can best be described
as —

6 points

Money that has value simply because the government says it does is called--

6 points

The Federal Reserve System is our nation's ____________ bank. It is owned by ____________ and its decisions are made by the ____________ members of the Board of Governors.

6 points

All of the following have impacted the decline of the U.S. dollar in the past EXCEPT —

6 points

Which choice below BEST fits in cell IV?

6 points

"Can buy something with or without having
enough cash" should be in which cell of the
table?

6 points

Which phase of the business cycle is being
described, and what policy would the
Federal Reserve Board of Governors most
likely suggest?

6 points

Which of the following accurately completes the graphic above?

6 points

Choose the BEST category for the list above.

10.

6 points

A decline in the value of the U.S. dollar will have all of the following effects EXCEPT —

11.

6 points

Choose the answer that BEST completes the graphic organizer above.

12.

6 points

Which phase of the business cycle is being described, and what tool would the Federal Reserve Board of Governors most likely suggest be used?

13.

6 points

Which scenario is MOST likely if the reserve requirement is raised?

14.

11 points

Be sure to use proper economic terminology and correct grammar.

15.

11 points

Be sure to use proper economic terminology and correct grammar.

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