Banking & The Federal Reserve

Where do Banks get the money they use to loan out to others?

• The Government
• The Federal Reserve
• Other Banks
• The Savings of Depositers

What category do Private Financial Institutions fall under?

• Goods and Services
• Public Goods and Services

How do Private Financial Institutions make a profit?

• The Government pays them
• Charging interest on loans

What does Inflation do to the value of money?

• Makes it go up.
• Makes it go down.
• Makes it stay the same.

Which of the following is a job of the Federal Reserve?

• Insure the safety of deposits.
• Regulate inflation so it doesn't get out of control.
• Acts as the Governments Bank.
• All of the above.

Which of the following is an example of a Private Financial Institution?

• Walmart
• Best Buy
• Wells Fargo
• The Federal Reserve

This image represents which of the following economic concepts?

• Competition
• Consumption
• Production
• Profit

Which of the following is a tax that is taken on the money you earn from the job you preform?

• Sales tax
• Social Security Tax
• Income Tax
• Estate Tax

Why do we pay taxes in our country?

• To make our Government rich.
• To provide for Public Goods and Services.
• To provide for Goods and Services.

What is the number of electoral votes for each state based on?

• Population
• Congressional Representation
• Number of registered voters in the state
• How long that state has been part of the United States.