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CE 13d And CE 13f Review
Test Description: CE 13d and f Review Game
Instructions: Answer all questions to get your test result.
1) A goal of the Federal Reserve System is to...?
A
set the tax rate.
B
maintain the value of the national currency.
C
keep inflation high.
D
give tax money to the government.
2) The central bank of the United States that acts as the federal government’s bank is the...?
A
Environmental Protection Agency (EPA)
B
Federal Trade Commission (FTC)
C
Internal Revenue Service (IRS)
D
Federal Reserve System (Fed)
3) One goal of the Federal Reserve is to...?
A
Ensure stability of the banking system.
B
Keep inflation high.
C
Raises taxes.
D
Give tax money to the government.
4) Inflation is...
A
The process how the government makes more money.
B
Inflating a balloon.
C
When the costs of goods and services goes up faster than incomes go up.
D
When the costs of goods and services goes down.
5) Deposits are...
A
A group of minerals hiding out in caves.
B
Government debt.
C
Money taken out of a bank.
D
Money put into the bank that can be accessed by checks and debit cards.
6) The American Government issues money to...?
A
become a self-sufficient nation.
B
compete against the Chinese currency.
C
allow everyone to be equal.
D
allow the exchange of goods and services.
7) Federal Reserve Notes are also known as...?
A
Checks
B
Currency
C
Debit Cards
D
Coins
8) Which of the following are NOT types of money used the U.S.?
A
Deposits in banks
B
Banks
C
Coins
D
Federal Reserve Note
9) The definition of money is...?
A
anything that is generally accepted as a method of payment.
B
things people use to pay for the government.
C
anything that comes from trees.
D
credit cards.
10) The U.S. currency is created by the...?
A
European Government
B
The Supreme Court
C
Stock Market
D
U.S. government
*select an answer for all questions
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