The Fed Exam

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1 point

Commodity money can best be described as —

1 point

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

1 point

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.

1 point

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

1 point

Use the table and your knowledge of economics to answer the following questions.
Which choice below BEST fits in cell IV?

1 point

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

1 point

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

1 point

Use the graphic and your knowledge of economics to answer the following questions.
Which of the following accurately completes the graphic above?

1 point

* reserve requirement
* open market
* discount rate
Choose the BEST category for the list above.

10.

1 point

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

11.

1 point

Choose the answer that BEST completes the graphic organizer above.

12.

1 point

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.

1 point

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

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