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3 Written questions

3 Multiple choice questions

  1. Seven people appointed by President for a 14 year terms who are responsible for running the Federal Reserve System as a whole
  2. Exchanging goods and services for other goods and services without the use of money
  3. The central bank of the US, which provides services to banks, regulates their activities, and controls the nation's monetary policy

3 True/False questions

  1. Demand DepositThe money in a checking deposit

          

  2. RecessionAn amount of money borrowed for a certain time period

          

  3. Money SupplyA slowdown in economic activity and production