Federal Reserve: Mastering Monetary Policy Quiz

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Federal Reserve: Mastering Monetary Policy: a General level Bank Exam Prep quiz. Test your knowledge with 10 questions!
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Questions

Question 1
How does the Fed fight high inflation?
A Decreasing interest rates
B Increasing interest rates
C Lowering taxes
D Printing more money
Question 2
Who leads the Federal Reserve System?
A The Supreme Court
B The Secretary of State
C The President
D The Chair
Question 3
What does the Fed do to stimulate a slowing economy?
A Lower interest rates
B Raise interest rates
C Close banks
D Remove currency
Question 4
What is the FOMC?
A Finance Organization Management Core
B Federal Office of Money Control
C Federal Open Market Committee
D Federal Operations Management Center
Question 5
Which tool does the Fed use to influence money supply?
A Open market operations
B Personal income tax changes
C Foreign aid budget
D Import tariffs

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