Federal Reserve System

If we did not have money, we would have to _____, or trade for something of equal worth.

• barter

• currency

• debt

Coins and paper bills make up the _____ of the United States.

• barter

• currency

• debt

_____ accept deposits from depositors and lend money to businesses and consumers.

• Financial institutions

• Federal Reserve System

• District banks

The _____ is the central bank of the United States.

• Financial institutions

• Federal Reserve System

• District Banks

_____ carry out Fed policy and oversee banking within its district.

• Financial Institutions

• Federal Reserve System

• District banks

_____ is the changing of the money supply to create economic growth.

• Monetary policy

• Fiscal year

_____ pay interest on deposits and allow people to make withdrawals.

• Savings accounts

• Certificate of deposit

• Money market account

• Checking account

A _____ pays higher interest but has a fixed period of time.

• savings account

• certificate of deposit

• money market account

• checking account

A _____ pays interest, but also allows people to write checks.

• savings account

• certificate of deposit

• money market account

• checking account

Money deposited in a _____ can be withdrawn at any time by check or debit card.

• savings account

• certificate of deposit

• money market account

• checking account