Federal Reserve Bank SSEMA2

Without money, people would be forced to ____?

• Trade
• Barter
• Exchange
• All the above 

How many functions of money are there? 

• 1
• 2
• 3
• 4

______ institution is a firm that manages money. 

• Mental
• Financial 
• Social
• Religious 

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

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

• collateral 
• interest
• currency
• deposit

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

• food
• financial
• money
• candy

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

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

When prices start to rise, the Federal Reserve decreases the money supply. Which job of the Fed is this?

• Increasing Government Borrowing
• Regulating banks to ensure the safety of deposits and banking system
• Managing the amount of money in the economy
• Decreasing Government Spending

The American Dollar bill is an example of

• Commodity Currency
• Representative Currency
• Fiat Currency
• Public Currency

amount of deposits that banks are required to keep on hand

• monetary policy
• money creation
• reserve requirements
• prime rate