
Financial institutions 4/13
Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Melissa Roll
Used 1+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The government issues coins and currency to make the exchange of goods and services easy. People accept U.S. coins and currency in exchange for goods and services because they have:
No other choice
Confidence in the U.S. government
Been taught that this is the law and the only way to do it
No way to regulate "barter and trade"
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following are intermediaries between people who save money and people who borrow money?
Political candidates
Government officials
Banks, credit unions, financial institutions
Schools or colleges
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
All of the following are characteristics of financial institutions EXCEPT:
Belong to all citizens
Include banks savings and loans, and credit unions
Encourage savings and investing by paying interest
Receive deposits and make loans
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The attached pictures are all examples of...
Coins
Federal Reserve Notes
Legal contracts
Government issued checks
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Why does the U.S. government issue coins and currency?
So it can be wealthy
To maintain control of the U.S. mints
To make the buying goods and services easy
To display the portraits of great former presidents
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is interest?
Something you do not have in economics
The money corporations pay to their stockholders
To set aside income for a period of time so that it can be used later
The payment people receive when they lend their money or allow someone else to use their money
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Financial institutions act as intermediaries between borrowers and savers by receiving deposits and making loans. Financial institutions encourage saving by paying _____ on deposits.
Interest
Loans
Dividends
Savings
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