Chapter 11 & 12 (Money & banking), (Marketing)

_____________ is a bank that can lend money to other banks in times of crisis

• Congress

• Central Bank

• Department of the Interior

• National Bank

____________ is the privately owned, publicly controlled central bank of the U.S.

• J.P. Morgan Chase

• Bank of America

• The Federal Reserve System (FED)

• Wells Fargo

Which of the following is one of the three functions of money?

• scarcity

• portability

• divisibility

• store of value

You can easily carry money in a pocket or a purse. This reflects what characteristic of money?

• durability

• legal tender

• divisibility

• portability

Payment made for use of borrowed money

• deposit

• interest

• principal

• currency

The Federal Reserve is ....

• made up of 12 district banks and member banks

• made up of independent district banks

• managed by 12 board of directors

• made up of the President's money

Which type of account are your assets most liquid?

• checking

• savings

• money market

• stocks & bonds

Which is NOT a feature of savings accounts?

• you can make unlimited transactions

• you can earn interest

• you have a minimum balance

• you can link it to your checking

What is happening here?

• Bartering
• Cooking
• Flirting
• Machismo

The best way for a government to get out of debt is to print more money?

• True

• False