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Module 65-65 FED And FDIC
Test Description: Module 65-65 FED and FDIC
Instructions: Answer all questions to get your test result.
1) If I make 40,000 a year and have assets of 100,000 and Liabilities of 20,000 what is my Net-Worth
A
50,000
B
80,000
C
LOW AND STABLE Y
D
250,000
2) The Federal Reserve bank is often called the ____________ bank.
A
Uncle Sam
B
BANKERS
C
Sec
D
Piggy bank
3) when the FED lowers the interest rate, it is trying to
A
IDK
B
TWELVE
C
Barter
D
stimulate the economy by encouraging spending or borrowing
4) What is the formula for Net-Worth .
A
Assets-Liabilities = Newtorth
B
stimulate the economy by encouraging spending or borrowing
C
An inflation rate that remains steady at 2 percent
D
Assets + Liabilities = Net Worth
5) A rising rate of inflation is most difficult for people who are
A
FINANCIAL,MONETARY ,SUPERVISING
B
living on fixed incomes
C
LOW AND STABLE
D
Give loans to consumers and businesses
6) 9. Most economists agree that the economy performs well when inflation is_______________. As a result, low inflation is a long-term goal of the Fed
A
Open market operations
B
LOW AND STABLE
C
Secure Loan
D
in deflation when prices go down
7) The APR /interest rate of a loan is considered the
A
Bank deposit
B
Fed Fund rate - Interest rate the Fed charges banks
C
Open market operations
D
True Cost of Credit
8) The FDIC Insures which of the following products
A
Mutual Funds
B
Bank savings products - CD,Savings Acct, Checking acct.
C
Real-estate
D
Stocks
9) Banks use savings account deposits to:
A
living on fixed incomes
B
stimulate the economy by encouraging spending or borrowi
C
Open market operations
D
Give loans to consumers and businesses
10) When calculating the Annual Percentage Rate, it is important to consider
A
amount of loan
B
interest charge
C
All of the above
D
term
11) Which is the least secure method of signing /endorsing a check.
A
blank endorsement
B
special endorsement
C
Cash
D
restrictive endorsement
*select an answer for all questions
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