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Money Quiz 1 (25 MCQs)

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1. Which type of money has value because the government declares it (e.g., U.S. dollar)?
2. What is the interest rate called when the Fed loans money to a member bank
3. Each Federal Reserve District chairman reports to the _____
4. Which part of the Fed requires members to be appointed by the President and confirmed by the Senate?
5. Where labor & other factors of production are sold in the circular flow model
6. Anything that is used as a medium of exchange could be considered money.
7. What happens if the Federal Reserve decreases the required reserve ratio?
8. The double goals of the Federal Reserve System that it must maintain a balance between and regulate and manage the trade-offs between full employment and price stability.
9. The spreading of risk among many types of investments:
10. Selling _____ in a company is a way of selling slices of ownership of said company.
11. The primary responsibilities of the Federal Reserve are _____
12. A person who looks at current trends in the market to make decisions illustrates what style of investing?
13. Two units of the same money must be the same in terms of what they will buy, that is, they must be
14. If the Federal Reserve sells bonds on the open market, what effect does this action have on the nation's money supply?
15. _____ is money in the form of gold or silver coins.
16. Raw materials (i.e. cotton, oil _____ etc.)
17. Barter is the _____ form of trade.
18. In modern times _____
19. What does the Federal Reserve do?
20. Who regulates money supply in India?
21. Governments have declared their currency to be _____
22. This is money by decree; it works because the government says it is legal tender and you believe it has purchasing power.
23. When the Federal Reserve acts to increase the money supply and speed up the economy in order to achieve the goal of lowering unemployment.
24. In which market can you buy and sell debt securities (like a loan) that will be paid back by a certain date with interest?
25. A _____ is at a bank
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