Test Your Knowledge of Banking / Economics
Banking and Economics Quiz
Test your knowledge of the banking system and economic principles with our engaging quiz! Designed for everyone from enthusiasts to professionals, this quiz will challenge your understanding of how money works in our economy.
Key Features:
- 10 Multiple Choice Questions
- Learn about money creation and circulation
- Discover the impact of financial policies on the economy
Which institution is the one allowed to create new money?
The Federal Reserve
Commercial Banks
The Treasury Department
The U.S. Mint
Congress
All new money is created from...
Someone Taking Out a New Loan
"Thin Air"
Congress Raising The Debt Ceiling
The Fed's Quantitative Easing
A Printing Press at the U.S. Mint
The Treasury Issuing New Debt
If all households paid off all their debt, what would happen?
The Economy Would Prosper
There Isn't Enough Money Supply to Pay Back all Debt
Taxes Collected by the Treasury Would Go Up
Our Trade Deficit Would Improve
Of all money in the money supply today, what percentage has been created since March 2020?
Less Than 5%
About 10%
About 20%
About 30%
About 40%
Greater Than 50%
Quantitative Easing (QE) is when the Federal Reserve expands its balance sheet to buy government debt. QE...
Always Causes Inflation
Always Causes Deflation
Causes Inflation, Then Deflation
Causes Deflation, Then Inflation
A "Reserve Ratio" is amount of deposits a bank must keep and they are not allowed to loan. What is the current reserve ratio?
0%
10%
15%
20%
25%
50%
Who / What determines how much the money supply grows or shrinks?
The Confidence of Commercial Banks
The U.S. Debt Ceiling
The Federal Reserve
Secretary of the Treasury
What percentage of the money supply is physical cash and coins?
Less than 5%
About 10%
About 15%
About 20%
About 25%
Money is destroyed when...
Someone Pays Back Part of a Loan
Interest Rates Rise
Interest Rates Fall
Someone Takes out a New Loan
Congress Lowers The Debt Ceiling
Which of these would BEST indicate if a country has a healthy economy?
A Trade Surplus (Exports Greater Than Imports)
A Trade Deficit (Imports Greater Than Exports)
A Growing Money Supply
Increasing Bank Confidence
A Shrinking Federal Deficit
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