8
lesson pretestMultiple Choice

Pretest

Question 8 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

What is the full name of the US central bank, known as the Fed?

Answer
A
the Federal Bank
B
the Federal Reserve Bank
C
the Federal Deposit Insurance Corporation
D
the Federal Financial Institution

Explanation

The Fed is commonly known as the Federal Reserve. Among these choices, “the Federal Reserve Bank” is the matching name. The Federal Deposit Insurance Corporation, choice D, is a separate agency that insures bank deposits.

AI-written and checked against the verified answer.

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