Money and Banks

Money and Banks

7th - 8th Grade

6 Qs

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Money and Banks

Money and Banks

Assessment

Quiz

History

7th - 8th Grade

Easy

Used 10+ times

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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not a purpose of banks?

store money
cash checks
sell insurance
give checking accounts

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Federal Reserve _______ are a form of currency.

Napkins
Notations
Notes
Nuggets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____________ are metallic in nature and are a form of currency.

Dollars
Checks
Loans
Coins

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a third type of money in the United States after Federal Reserve Notes and coins?

deposits in bank accounts accessed by checks or debit cards
mortgage loans
car payments
interest payments

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____________ Policy is how the Fed influences the supply of money.

Fiscal
Financial
Monetary
Insurance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What acts as the bank for the banks and promotes a healthy economy?

The Federa Reserve
FBI
SunTrust
The Federal Notes

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