Practice Quiz

Praxis II Elementary Education: Content Knowledge Exam Prep

Category - Praxis II EE:CK

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Which of the following best describes the termmonetary policy?
  1. The government’s way to assure that every citizen makes enough money
  2. The government’s way to regulate the supply of money as well as interest rate levels
  3. The government’s way of using its power to tax and spend
  4. None of the above.
Explanation
Answer: B - Monetary policy is the government’s way to regulate the supply of money as well as interest rate levels. The Federal Reserve System (the FED) oversees monetary policy. They control the money supply and interest rate levels based on current volatility.
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