Federal Reserve Exit Ticket

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First Name *

Last Name *

1. What is the main purpose of the Federal Reserve? *

It controls US monetary policy.

It regulates trade for businesses.

It establishes the laws surrounding the economy.

It prints money for the US.

2. True or False: Bonds can best be described as IOUs that can be used to control inflation rates. *

True

False

3. Which of the following is NOT a major function of money? *

Issue of credit

Store of value

Medium of exchange

Unit of account

4. Review: Which of the following corporations is best known for its monopolistic practices in the historic United States? *

G.H. Walker & Co.

Hagemeyer

Standard Oil

NEP Telephone

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