Practice Test # 5: Ch.14 Due Nov 19 at 11:59pm Points 50 Questions 40 Available Oct 19 at 6am - Nov 19 at 11:59pm about 1 month Time Limit 90 Minutes Allowed Attempts 2 Instructions Attempt History Attempt Time Score LATEST Attempt 1 38 minutes 46.25 out of 50 Score for this attempt: 46.25 out of 50 Submitted Nov 16 at 9:51pm This attempt took 38 minutes. Instructions for Ch. 14 Online Practice Test These tests will count towards your grade. It is now available on CANVAS From Oct. 19 /2016 until Nov. 19 /2016 :11.59pm Under the “Modules” tab, please scroll down to click on “Online Practice Tests” folder and click on online “Practice Test # 5: Ch.14” to access the test. This practice quiz will ask you to answer 40 questions picked randomly by Canvas. You will have 1 hour 30 minutes to complete the test. You may make two attempts to take the test and the highest score among the two will be counted towards your grade. You must click the "Submit" button at the conclusion of your test. Otherwise Canvas will not record your grade! th th Take the Quiz Again 1.25 / 1.25 pts Question 1 The Fed's responsibilities include controlling the money supply, clearing checks, and supervising and regulating banks. True Correct! Correct! False
1.25 / 1.25 pts Question 2 A direct exchange of fish for corn is an example of: storing value. a modern exchange method. barter. Correct! Correct! a non-coincidence of wants. 1.25 / 1.25 pts Question 3 Decisions to buy or sell securities at the Fed are made by the: Congress. Federal Open Market Committee. Correct! Correct! Federal Deposit Insurance Corporation. President's Council of Economic Advisors. 1.25 / 1.25 pts Question 4 M1 refers to: the most narrowly defined money supply definition. currency held by the public plus checking account balances. the smallest of the money-supply definitions. all of these. Correct!
1.25 / 1.25 pts Question 5 Most commercial banks belong to the Federal Reserve System. True False Correct! Correct! 1.25 / 1.25 pts Question 6 The Monetary Control Act of 1980: required banks to make home loans. eliminated many forms of competition among financial institutions. created sharper distinctions among various financial institutions. none of these. Correct! 1.25 / 1.25 pts Question 7 Which of the following groups oversees and administers the Federal Reserve System?
- Spring '12
- Monetary Policy, pts, Federal Reserve System