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Fed Policy & Interest Rate Basics Quiz

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Fed Policy & Interest Rate Basics: a General level Bank Exam Prep quiz. Test your knowledge with 15 questions!

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Questions

Question 1

What is the primary entity that sets interest rates in the US?

A The Stock Exchange

B The Treasury Department

C The World Bank

D The Federal Reserve

Question 2

What happens to borrowing costs when the Fed raises rates?

A They increase

B They stay the same

C They are abolished

D They decrease

Question 3

The Fed influences the economy by managing the supply of what?

A Money

B Jobs

C Gold

D Oil

Question 4

When the Fed wants to stimulate the economy, it usually does what?

A Decreases rates

B Freezes all loans

C Increases taxes

D Increases rates

Question 5

Which rate does the Fed target to influence short-term interest rates?

A Mortgage Rate

B Savings Rate

C Federal Funds Rate

D Prime Lending Rate

📋 This quiz has 15 questions in total.