Money & Banking

Money & Banking

12th Grade

20 Qs

quiz-placeholder

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Money & Banking

Money & Banking

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

RYAN MCKELVY

Used 4+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A bank that can lend to other banks in times of need.

City bank

State bank

Central Bank

Specie

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

This is money by government decree, has no alternate value

Specie

fiat money

gold standard

barter

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Money in the form of gold or silver coins

Federal Reserve Note

fiat money

Gold certificate

Specie

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

Federal Reserve System

Bank of the United States

FDIC

State bank

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Paper currency issued by the fed

Washington Notes

State Notes

Federal Reserve Notes

Specie

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Sudden rush by depositors to withdraw their deposited funds from banks

Bank holiday

Bank run

Gold standard

Panic

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

U.S. government institution that provided insurance on depositor’s accounts

FDIC

Federal Reserve

Bank of the United States

Central Bank

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