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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
LOW AND STABLE Y
B
50,000
C
80,000
D
250,000
2) The Federal Reserve bank is often called the ____________ bank.
A
BANKERS
B
Piggy bank
C
Sec
D
Uncle Sam
3) when the FED lowers the interest rate, it is trying to
A
Barter
B
stimulate the economy by encouraging spending or borrowing
C
IDK
D
TWELVE
4) What is the formula for Net-Worth .
A
An inflation rate that remains steady at 2 percent
B
stimulate the economy by encouraging spending or borrowing
C
Assets + Liabilities = Net Worth
D
Assets-Liabilities = Newtorth
5) A rising rate of inflation is most difficult for people who are
A
FINANCIAL,MONETARY ,SUPERVISING
B
living on fixed incomes
C
Give loans to consumers and businesses
D
LOW AND STABLE
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
in deflation when prices go down
B
LOW AND STABLE
C
Open market operations
D
Secure Loan
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
True Cost of Credit
D
Open market operations
8) The FDIC Insures which of the following products
A
Mutual Funds
B
Real-estate
C
Bank savings products - CD,Savings Acct, Checking acct.
D
Stocks
9) Banks use savings account deposits to:
A
living on fixed incomes
B
Open market operations
C
Give loans to consumers and businesses
D
stimulate the economy by encouraging spending or borrowi
10) When calculating the Annual Percentage Rate, it is important to consider
A
interest charge
B
amount of loan
C
term
D
All of the above
11) Which is the least secure method of signing /endorsing a check.
A
blank endorsement
B
Cash
C
restrictive endorsement
D
special endorsement
*select an answer for all questions
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