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Federal Reserve Bank SSEMA2

Authored by Carl Brown

Other

9th - 12th Grade

Used 32+ times

Federal Reserve Bank SSEMA2
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20 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Without money, people would be forced to ____?

Trade
Barter
Exchange
All the above 

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

How many functions of money are there? 

1
2
3
4

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

______ institution is a firm that manages money. 

Mental
Financial 
Social
Religious 

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Money put in a bank account is called a ______ and money taken out is called a ______

Batman and Robin
Deposit and Withdraw
Sponge bob and Patrick 
withdraw and direct deposit

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

_____ is a rate that a bank pays customers for keeping their money

collateral 
interest
currency
deposit

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The standard of value and a means of exchange or payment is 

food
financial
money
candy

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The Federal Reserve is described by all of the following statements, EXCEPT:

Individual’s Bank
Banker’s Bank
Central Bank
Government’s Bank

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