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SOL 13d
What is the role of the Federal Reserve System?
The ________________ ________________ System (FED) is our
nation’s __________________ bank.
As the __________________ __________________ of the United
States, the Federal Reserve System:
1.
Has the duty to maintain the ___________________ of the national
___________________________.
2.
___________________ banks to ensure the soundness of the
______________________ system and the ___________________ of
____________________.
3.
Manages the amount of __________________ in the economy to try to keep
____________________ _______________ and _______________.
4.
Acts as the _______________ _______________ __________.
SUMMARY:
The __________
__________ System, is our nation’s ________
___________.
SOL CE 13d Review: The Federal Reserve
Directions: Determine whether each statement is true (T) or false (f).
1.
2.
3.
4.
5.
6.
_________ The Federal Reserve Bank is the nation’s central bank.
_________ One of the Fed’s goals is to keep prices steady.
_________ The Fed has no influence on monetary policy in the U.S.
_________ Inflation and deflation can occur when the flow of money and credit are out of balance.
_________ During inflation, prices decrease.
_________ During deflation, prices increase.
Directions: Using the word bank below, fill in the blanks to complete the passage.
Central
Inflation
Currency
Fed
Federal
Manage
Safety
Value
The Federal Reserve Bank, also known as the _____________________, is our nation’s
___________________________ bank. The Fed’s responsibilities are to maintain the
________________________ of our ____________________________; regulate banks to ensure the
soundness of the banking system and the ________________________ of deposits;
________________________ the amount of money in the economy to try to keep
________________________ low and stable; and act as the _____________________________
government’s bank.
SOL CE 13c Review: How Our Government Can Effect the Economy
Directions: Using the word bank below, fill in the blanks to complete the passage.
Taxes
Borrows
Influence
Demand
Business
16th
Decreases
Production
Congress
Spending
The government taxes, ________________________, and spends money to
__________________________ economic activity. The ______________ Amendment to the U.S.
Constitution gives ___________________________ the power to tax incomes. This is known as income
tax. If you work, you pay income tax. Decreased government _____________________________ may
result in lower _________________. Tax __________________ increases funds for private and
________________________ spending. Increased government spending increases
_____________________, which may increase employment and ______________________________.