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Federal Reserve & The Economy Basics Quiz

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Federal Reserve & The Economy Basics: a General level Bank Exam Prep quiz. Test your knowledge with 9 questions!

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Questions

Question 1

What is the Fed's dual mandate?

A Employment and stable prices

B Profit and growth

C Debt and spending

D Imports and exports

Question 2

When does the Fed lower interest rates?

A To stop people from saving

B To stimulate economic growth

C To cool down an overheating economy

D To increase government spending

Question 3

What is monetary policy?

A Actions to manage money supply

B The trade policy with allies

C The law on minimum wage

D The government's budget plan

Question 4

What does an increase in money supply typically do?

A Increases inflationary pressure

B Lowers bank profits

C Stops economic activity

D Decreases inflation

Question 5

The Federal Reserve is known as the:

A Central Bank of the US

B Private Investment Bank

C World Bank

D National Treasury

📋 This quiz has 9 questions in total.