Role of Government in US Economy Questions 11-15

11.Name a form of payment not backed by the government.

• Check Card

• Coins

• Credit Card

• Federal Reserve Notes

12.Which of the statements about check cards and credit cards are true below.

• Debt Card uses money you have in a checking account.

• Credit Cards uses money from a business.

• Check Cards are money from the national government

13.Which of the following are provided by the government?

• WaWa

• Postal Service

• National Defense

• Kroger

• Interstate highways

14.Why does the American government issue money?

• So they can collect taxes

• To make the exchange of goods and services easier.

• People were paying too much in taxes using the bartering system.

15.What is another name for Federal Reserve notes?

• Taxes

• Currency

• Coins