var init = { 'questions': [ { 'question': '1) If the Fed is trying to reduce the inflation rate, should the Fed increase or decrease the money supply?','answers': [ 'a) Increase.', 'b) Decrease.', ], 'correctAnswer' : 2, 'questionID' : 708 }, { 'question': '2) If the Fed is trying to reduce the inflation rate, should the Fed increase or decrease the reserve requirement?','answers': [ 'a) Increase.', 'b) Decrease.', ], 'correctAnswer' : 1, 'questionID' : 709 }, { 'question': '3) If the Fed is trying to reduce the inflation rate, will this policy result in higher or lower interest rates?','answers': [ 'a) Higher.', 'b) Lower.', ], 'correctAnswer' : 1, 'questionID' : 710 }, { 'question': '4) If the Fed is trying to reduce the inflation rate, will this policy lead consumers and firms to borrow more or less?','answers': [ 'a) Borrow More.', 'b) Borrow Less.', ], 'correctAnswer' : 2, 'questionID' : 711 }, { 'question': '5) If the Fed is trying to reduce the inflation rate, will this borrowing change lead consumers and firms to buy more or less?','answers': [ 'a) Buy More.', 'b) Buy Less.', ], 'correctAnswer' : 2, 'questionID' : 712 }, { 'question': '6) If the reserve requirement is 5 percent and a $1,000 deposit is made in the bank, how many dollars of the deposit can the bank lend back out to a customer?','answers': [ 'a) $900', 'b) $350', 'c) $950', 'd) $600', ], 'correctAnswer' : 3, 'questionID' : 705 }, { 'question': '7) If the reserve requirement is 20 percent and a $1,000 deposit is made in the bank,what is the multiplier?','answers': [ 'a) 12', 'b) 28', 'c) 5', 'd) 192', ], 'correctAnswer' : 3, 'questionID' : 702 }, { 'question': '8) If the reserve requirement is 20 percent and a $1,000 deposit is made in the bank, how much money potentially can be created from the initial deposit?','answers': [ 'a) $5,000', 'b) $3.50', 'c) $10,000', 'd) $4,000', ], 'correctAnswer' : 1, 'questionID' : 703 }, { 'question': '9) If the reserve requirement is 20 percent and a $1,000 deposit is made in the bank, how many dollars of the deposit must the bank hold in required reserves?','answers': [ 'a) $200', 'b) $20', 'c) $100', 'd) $400', ], 'correctAnswer' : 1, 'questionID' : 700 }, { 'question': '10) If the reserve requirement is 5 percent and a $1,000 deposit is made in the bank, how much money potentially can be created from the initial deposit?','answers': [ 'a) $1,500', 'b) $10,000', 'c) $15,000', 'd) $20,000', ], 'correctAnswer' : 4, 'questionID' : 707 }, { 'question': '11) If the reserve requirement is 5 percent and a $1,000 deposit is made in the bank, what is the multiplier?','answers': [ 'a) $20', 'b) $30', 'c) $17', 'd) $100', ], 'correctAnswer' : 1, 'questionID' : 706 }, { 'question': '12) If the reserve requirement is 5 percent and a $1,000 deposit is made in the bank, how many dollars of the deposit must the bank hold in cash?','answers': [ 'a) $45', 'b) $100', 'c) $500', 'd) $50', ], 'correctAnswer' : 4, 'questionID' : 704 }, { 'question': '13) If the reserve requirement is 20 percent and a $1,000 deposit is made in the bank, how many dollars of the deposit can the bank lend back out to a customer?','answers': [ 'a) $100', 'b) $800', 'c) $900', 'd) $700', ], 'correctAnswer' : 2, 'questionID' : 701 }, ], 'resultComments' : { perfect: 'Excellent!', excellent: 'Great job!', good: 'Nice work.', average: 'Not too bad. You may want to review the lesson and try again.
', bad: 'You should go back and review the lesson.', poor: 'You should go back and review the lesson.', worst: 'You should go back and review the lesson.' } };