Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
CE.13 C, D
Test Description: VA SOLs
Instructions: Answer all questions to get your test result.
1) What is one likely way that the government can support additional spending on public programs?
A
lower interest rates
B
raise taxes
C
lower taxes
D
raise interest rates
2) The government gets involved in taxing, spending, and borrowing to −
A
influence economic activity.
B
provide jobs.
C
provide bureaucratic positions for citizens.
D
ensure all citizens are paying the same amount of taxes.
3) Which of these is true when the United States government borrows money?
A
The Federal Reserve takes control of the bank the money was borrowed from.
B
A special tax on investments will be used to repay the money borrowed.
C
There will be less money available for businesses and individuals to borrow.
D
The government will not be allowed to borrow again for five years.
4) The United States has recently borrowed money in order to pay for new debt expenditures. What is most likely to occur?
A
The value of the stock market will increase.
B
More funds will be available for individuals to borrow.
C
Fewer funds will be available for individuals to borrow.
D
Tax cuts will go into effect for citizens.
5) Increased government spending increases demand, which may –
A
increase employment.
B
raise interest.
C
decrease taxes.
D
reduce production.
6) Which amendment authorizes Congress to tax citizens' incomes?
A
Seventh
B
Sixteenth
C
Second
D
Ninth
7) If the government reduces the taxes on its citizens, what effect will this have on business and private spending?
A
More funds will be available for private and business spending
B
Funds available for growth will decrease
C
The economy will experience a slow down in growth
D
Businesses will have more difficulty starting up
8) What would be the best title for: Maintains value of U.S. currency, Tries to keep inflation low and stable, and Acts as the federal government's bank?
A
Private Sector System
B
Economic System
C
Federal Reserve System
D
Financial System
9) The Federal Reserve System tries to keep inflation low and stable by −
A
paying for public goods and services.
B
receiving deposits and making loans.
C
encouraging higher prices for goods and services.
D
managing the amount of money in the economy.
10) All are roles of the Federal Reserve except −
A
regulate how much money banks must keep on hand
B
regulate the interest rate for home mortgages
C
control the interest rates that banks borrow money at
D
control the amount of money in circulation
11) One primary duty of the Federal Reserve System is to −
A
make decisions regarding the production of goods and services.
B
control foreign trade.
C
maintain the value of our currency (dollar).
D
contribute to the global flow of capital.
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?