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Unit 07 (5a-6d)
White 11 - Unit 7 (5a-6d)
| Question | Answer |
|---|---|
| What is the federal government's bank and the central bank of the United States? | The Federal Reserve |
| Which is NOT part of The Federal Reserve? 12 Regional Federal Reserve Banks Internal Revenue Service (IRS) The Board of Governors The Chairperson | Internal Revenue Service (IRS) |
| Which is NOT a function of The Federal Reserve System? Collects income taxes Controls the money interest rates to keep inflation low Provides financial services to the federal government and banks Regulates banks to ensure the safety of deposits | Collects income taxes |
| The economy is struggling and needs a boost. What should The Federal Reserve do? | Lower interest rates |
| Inflation is out of control and prices are too high. What should The Federal Reserve do? | Raise interest rates |
| What protects a citizen's right to own private property and can be enforced by law? | Negotiated Contracts |
| Government agencies establish regulations that protect - | Public health and safety |
| If your consumer rights are violated, you may - | Take legal action |