Banking History ECR

Banking History ECR

Assessment

Flashcard

Specialty

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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16 questions

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1.

FLASHCARD QUESTION

Front

What was wrong with banks issuing their own currency?

Back

easy for counterfeiters, unrecognizable, and too many notes were issued.

2.

FLASHCARD QUESTION

Front

A U. S. corporation insuring deposits in the US against banking failure for up to $250,000

Back

FDIC

3.

FLASHCARD QUESTION

Front

"The Fed" refers to the....

Back

Federal Reserve System

4.

FLASHCARD QUESTION

Front

The Federal Reserve was established in

Back

1913

5.

FLASHCARD QUESTION

Front

The central bank of the United States.

Back

the Federal Reserve System

6.

FLASHCARD QUESTION

Front

Piece of paper issued by bank that promises to pay holder a certain sum.

Back

bank notes

7.

FLASHCARD QUESTION

Front

Bank controlled by the state rather than individuals or corporations.

Back

state-chartered bank

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