Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
CE 11 Part 2
Test Description: Taxes, the Fed, and consumer rights
Instructions: Answer all questions to get your test result.
1) An increase in government spending often _____ the overall economy temporarily by increasing employment and production
A
boosts
B
doesn't affect
C
slows
2) An increase in government spending will most likely result in a(n) ____ in taxes sooner or later.
A
increase
B
none of these
C
decrease
3) The Federal Reserve (Fed) is the ____ bank of the U.S.
A
public
B
central
C
private
4) What is the discount rate?
A
interest rate charged by the government on late taxes
B
interest rate that the Fed charges banks when they need to borrow money
5) What does the reserve requirement require banks to do?
A
The government has to reserve a percentage of citizens' taxes for health care.
B
Banks have to keep a percentage of customers' deposits on reserve with the Fed instead of loaning it
C
nothing
6) If the Fed increases the reserve requirement, what would be the impact on the nation's money supply?
A
It would increase.
B
It would remain the same.
C
It would decrease.
D
It would blow up.
7) If the Fed purchases government securities (bonds) in large quantities, what would be the impact on the nation's money supply?
A
The government would go out of business.
B
It would increase.
C
It would decrease.
D
It would remain the same.
8) If the Fed wants to slow down the economy, what would it most likely do?
A
Hire new lawyers.
B
Decrease the money supply.
C
Increase the money supply.
9) Government agencies such as the Food and Drug Administration are designed mainly to
A
none of these
B
protect the rights of consumers
C
protect the rights of businesses
D
protect the rights of the government.
10) If a consumer is injured by a product sold by a business, does the law allow the consumer to sue the business in court?
A
No, duh.
B
Yes, duh.
C
IDK
*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?