Milton Friedman is associated with , Supply-side economics, Monetarism, Reaganomics, Demand-side economics, Increasing discount rates, selling bonds, and increasing reserve requirements would , increase demand, raise taxes, Increase the money supply, Decrease the money supply, Which of the following is a characteristic of money?, It must be acceptable, It must have an image of a president, It must be foldable, It must be temporary, Something that has a value of its own and can be used as money is known as, a luxury item, fiat money, a commodity, negotiable currency, Decision-making at the Federal Reserve rests with the, Board of Governors, Congress, Advisory Board, The President, How does the Federal Reserve stabilize the economy?, Manipulate Congress, Influence the money supply, Increase demand, Increase supply, I deposit $10,000 in my account. The reserve requirement is 10%. How much does the bank have to keep in the vault?, $1, $10, $100, $1,000, The US dollar is backed by our trust in the government instead of by something tangible. Therefore, the US dollar is, Fiat money, Convertible, Abstract money, Commodity money, What was created during the 1930s to reassure Americans that their bank deposits were safe?, SEC (Securities and Exchange Commission), NYSE (New York Stock Exchange), FDIC (Federal Depositors Insurance Corporation), IBU (Independent Bankers Union), The percentage of deposits that banks must hold in their vaults is called , direct deposit, discount rate, reserve requirement, market reserves, The selling and buying of government bonds is overseen by , Federal Depositors Insurance Corporation, Advisory Committee, Office of Price and Equities, Federal Open Market Committee, What would happen to interest rates if the Federal Reserve uses a tight money policy?, Increase, Remain unchanged, Decrease, Fluctuate wildly, By using an easy money policy, the Federal Reserve is attempting to, decrease demand, put more money into the economy, balance its budget, pull money out of the economy, Why was the Federal Reserve created?, To oversee the stock market, To curb political corruption, To prevent stagflation, To provide stability in the banking system, The policy the Federal Reserve uses to regulate the amount of money in the economy is called, Fiscal policy, Risky business, Monetary policy, Financial oversight, Anything that people commonly accept as payment for goods and services is called , money, a bribe, collateral, interest, What is the value of a $500 bill?, It depends on whose face is on the bill, It depends on the commodity that is used to back it up, It depends on the monetary policy at the time of its printing, The value of the goods and services it can buy, Which of the following is a function of the Federal Reserve?, To advise the President on fiscal matters, Monitor member banks, Setting the federal budget, Monitoring state budgets, Which policy would the Federal Reserve use to address cyclical unemployment?, Easy money policy, Trickle-down policy, Contractionary policy, Tight money policy, Which of the following would the Federal Reserve use to curb inflation?, Demand-side economics, Trickle-down policy, Reaganomics, Tight money policy, All of the following are part of the Federal Reserve except, Board of Governors, Department of the Treasury, Federal Advisory Council, Federal Open Market Committee, The reserve requirement , Equals the total amount of deposits, The amount of interest that a bank earns, Equals the amount of money a bank has available to lend, The amount of government bonds it has in its vaults.

Monetary Policy

by
Print
Embed

Leaderboard

Visual style

Options

Switch template

)
Continue editing: ?