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Government Chapter 20.2 (Monetary Policy)
Test Description: Monetary Policy
Instructions: Answer all questions to get your test result.
1) What is used when the Government controls the money supply?
A
foreign policy
B
monetary policy
C
laissez-faire policy
D
fiscal policy
2) What are the actions of the Fed involving stocks and bonds called?
A
fiscal policy
B
reserve requirement
C
discount rate
D
open market operations
3) What is the amount of money that the Fed charges banks to borrow money from them called?
A
discount rate
B
open market operations
C
Gross Domestic Product
D
reserve requirement
4) What is measured by the CPI?
A
inflation
B
GDP
C
unemployment
D
discount rate
5) What can rise with a decrease in the money supply?
A
unemployment
B
GDP
C
CPI
D
inflation
6) Who is the current head of the Board of Governors of the Federal Reserve System?
A
Alan Greenspan
B
Jay Nixon
C
Janet Yellen
D
Ben Bernanke
7) If more money is added to the economy, then what is being used?
A
Contractionary policy
B
Expansionary policy
C
Distractionary policy
D
Laissez-Faire Policy
8) If tax rates are raised, then which policy is being used?
A
Expansionary Monetary Policy
B
Contractionary Fiscal Policy
C
Expansionary Fiscal Policy
D
Contractionary Monetary Policy
9) If tax rates are raised, then which policy is being used?
A
Contractionary Monetary Policy
B
Expansionary Fiscal Policy
C
Contractionary Fiscal Policy
D
Expansionary Monetary Policy
10) If the Fed buys bonds, then what is being used?
A
Contractionary Monetary Policy
B
Expansionary Fiscal Policy
C
Contractionary Fiscal Policy
D
Expansionary Monetary Policy
11) If the Fed charges banks less for loans, then what is being used?
A
Contractionary Fiscal Policy
B
Expansionary Fiscal Policy
C
Contractionary Monetary Policy
D
Expansionary Monetary Policy
12) If the Fed makes banks keep more money in their vaults and out of circulation, then what is being used?
A
Contractionary Fiscal Policy
B
Contractionary Monetary Policy
C
Expansionary Fiscal Policy
D
Expansionary Monetary Policy
13) If the government increases the amount that it spends, then what is being used?
A
Expansionary Monetary Policy
B
Contractionary Fiscal Policy
C
Contractionary Monetary Policy
D
Expansionary Fiscal Policy
14) If the Fed sells bonds, then what is being used
A
Expansionary Fiscal Policy
B
Contractionary Fiscal Policy
C
Contractionary Monetary Policy
D
Expansionary Monetary Policy
15) If the Fed makes banks keep less money in their vaults and out of circulation, then what is being used?
A
Contractionary Fiscal Policy
B
Expansionary Fiscal Policy
C
Contractionary Monetary Policy
D
Expansionary Monetary Policy
16) If the Fed charges banks more for loans, then what is being used?
A
Contractionary Fiscal Policy
B
Expansionary Monetary Policy
C
Expansionary Fiscal Policy
D
Contractionary Monetary Policy
17) When more money is in circulation, then what happens to the prices of consumer goods?
A
they stay the same
B
they go down
C
they go up
D
they plummet
*select an answer for all questions
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