Effects of Fiscal & Monetary Policy on Personal Finance

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is true during a period of tight monetary policy?

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1. Which of the following is true during a period of loose monetary policy?

2. Which is true of a fiscal policy?

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About This Quiz & Worksheet

These assessments are available for you to quiz yourself on the consumer's relationship to the policies that affect government spending, taxes, interest rates, and money circulation. Quiz questions will ask you about what fiscal and monetary policies are, interest rates in monetary policies, and the relationship of interest to consumer spending.

Quiz & Worksheet Goals

Questions in these assessments focus on the following topics:

  • Interest rates in tight and loose monetary policies
  • Understand fiscal and monetary policy
  • The relationship of interest to consumer spending

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related economics lesson
  • Information recall - access the knowledge you've gained regarding interest rates and monetary policies
  • Knowledge application - use your knowledge to answer questions about fiscal and monetary policy's effect on personal finance

Additional Learning

Learn more about this economic topic in the accompanying lesson called Effects of Fiscal & Monetary Policy on Personal Finance. This lesson includes the following objectives:

  • Recall the definitions of the terms monetary policy and fiscal policy
  • Understand the forms of government spending
  • Recognize the causes of inflation and interest
  • Understand the difference between loose and tight monetary policy
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