Financial Institutions

Front

The government issues coins and currency to make the exchange of goods and services easy. People accept U.S. coins and currency in exchange for goods and services because they have:

Back

Confidence in the U.S. government

Front

Which of the following are intermediaries between people who save money and people who borrow money?
Political candidates,
Government officials,
Banks, credit unions, financial institutions,
Schools or colleges

Back

Banks, credit unions, financial institutions

Front

All of the following are characteristics of financial institutions EXCEPT:
Belong to all citizens, Include banks savings and loans, and credit unions, Encourage savings and investing by paying interest, Receive deposits and make loans

Back

Belong to all citizens

Front

The attached pictures are all examples of...

Back

Federal Reserve Notes

Front

Why does the U.S. government issue coins and currency?

Back

To make the buying goods and services easy

Front

What is interest?

Back

The payment people receive when they lend their money or allow someone else to use their money.

Front

Which of the following BEST illustrates a confidence Americans have in their government? Using credit and debit cards, Writing and accepting checks, Spending, saving, and investing three kinds of money, Accepting coins and currency as payments for goods and services

Back

Accepting coins and currency as payments for goods and services

Front

Financial institutions encourage saving by paying _____ on deposits.

Back

Interest

Front

Which of the following is NOT a form of money found in the U.S. Economy? Federal Reserve Note, Check, Credit Card, Coins

Back

Credit Card