DSST Money & Banking: Study Guide & Test Prep Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. Putting unemployed workers to work in order to bring a nation out of a depression is using which economic theory?

Question 2 2. If a group of people argue against the government's decision to fully intervene in the economy, their argument is of which school of thought?

Question 3 3. Which of the following is considered a financial asset?

Question 4 4. When the Federal Reserve increases the money supply, what happens to the interest rate?

Question 5 5. Which of the following is NOT a function of the Federal Reserve?

Question 6 6. Why is it important for the banking industry to have separation of duties?

Question 7 7. Which of the following is an illustration of the transactions demand for money?

Question 8 8. Which of the following determines monetary policy in the United States?

Question 9 9. Castle Bank needs to borrow money from the Central Bank. Castle Bank contacts the Central Bank and learns that the discount rate has gone up by a half of a percent. This increase in the discount rate is a tool of which policy, and why is it used?

Question 10 10. Which of the following is the correct formula for determining the inflation rate of a good or service?

Question 11 11. To measure how often or how long something is occurring, which type of data would need to be analyzed?

Question 12 12. Why was the Federal Reserve Act established?

Question 13 13. How much of a consumer's bank deposits is guaranteed by the FDIC?

Question 14 14. What is the World Bank's primary goal today?

Question 15 15. If Martha puts $100 in the bank today at 6%, how much will she have in three years?

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DSST Money & Banking: Study Guide & Test Prep Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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