BA 323 NIELANDER EXAM ONE CHAPTERS
1 3 16 17 TERMINAL CERTIFICATION
EVALUATION COMPLETE QUESTIONS
WITH FULL SOLUTION ALREADY PASSED
⩥ Low GDP.
Answer: Usually means the economy is having problems.
⩥ Fiscal Policy.
Answer: Government spending and taxation used to influence the
economy.
⩥ Monetary Policy.
Answer: Control of the money supply and interest rates to influence the
economy.
⩥ Who controls Fiscal Policy?.
Answer: Congress and the President.
⩥ Who controls Monetary Policy?.
Answer: The Federal Reserve (The Fed).
,⩥ Purpose of Monetary Policy.
Answer: To fight inflation or boost the economy.
⩥ Purpose of Fiscal Policy.
Answer: To reduce unemployment and improve public goods.
⩥ Money Supply.
Answer: The total amount of money in circulation, including cash, coins,
and bank account balances.
⩥ Decrease in Money Supply.
Answer: Usually decreases economic activity.
⩥ Increase in Money Supply.
Answer: Usually increases economic activity.
⩥ Federal Reserve (The Fed).
Answer: An independent agency that regulates the nation's banking and
financial system.
⩥ Key Responsibility of the Fed.
Answer: Supervise and regulate financial institutions and activities.
, ⩥ Another Responsibility of the Fed.
Answer: Conduct monetary policy to manage inflation.
⩥ Another Responsibility of the Fed.
Answer: Promote financial system stability.
⩥ Commercial Banks.
Answer: Banks that mainly use checking and savings accounts to
provide loans.
⩥ Example of Commercial Bank.
Answer: Citibank.
⩥ Credit Unions.
Answer: Financial institutions owned and controlled by depositors with
a common connection.
⩥ Example of Credit Union.
Answer: Oregon State Credit Union.
⩥ Savings and Loan Associations.
1 3 16 17 TERMINAL CERTIFICATION
EVALUATION COMPLETE QUESTIONS
WITH FULL SOLUTION ALREADY PASSED
⩥ Low GDP.
Answer: Usually means the economy is having problems.
⩥ Fiscal Policy.
Answer: Government spending and taxation used to influence the
economy.
⩥ Monetary Policy.
Answer: Control of the money supply and interest rates to influence the
economy.
⩥ Who controls Fiscal Policy?.
Answer: Congress and the President.
⩥ Who controls Monetary Policy?.
Answer: The Federal Reserve (The Fed).
,⩥ Purpose of Monetary Policy.
Answer: To fight inflation or boost the economy.
⩥ Purpose of Fiscal Policy.
Answer: To reduce unemployment and improve public goods.
⩥ Money Supply.
Answer: The total amount of money in circulation, including cash, coins,
and bank account balances.
⩥ Decrease in Money Supply.
Answer: Usually decreases economic activity.
⩥ Increase in Money Supply.
Answer: Usually increases economic activity.
⩥ Federal Reserve (The Fed).
Answer: An independent agency that regulates the nation's banking and
financial system.
⩥ Key Responsibility of the Fed.
Answer: Supervise and regulate financial institutions and activities.
, ⩥ Another Responsibility of the Fed.
Answer: Conduct monetary policy to manage inflation.
⩥ Another Responsibility of the Fed.
Answer: Promote financial system stability.
⩥ Commercial Banks.
Answer: Banks that mainly use checking and savings accounts to
provide loans.
⩥ Example of Commercial Bank.
Answer: Citibank.
⩥ Credit Unions.
Answer: Financial institutions owned and controlled by depositors with
a common connection.
⩥ Example of Credit Union.
Answer: Oregon State Credit Union.
⩥ Savings and Loan Associations.
