Banks, Credit and The Economy

Which of the following is not money?

• Coins

• Credit Card

• Debit Card

• Check

Take money out from your bank account.

• withdraw

• deposit

Coins and paper money printed by the government.

• Money
• Currency
• Deposit
• Withdraw

Put money into a bank account

• Money
• Currency
• Deposit
• Withdraw

Paying a bank to let you borrow money.

• Loan
• Interest
• Federal Reserve
• Inflation

The fee charged for the right to borrow money.

• Loan
• Interest
• Federal Reserve
• Inflation

The central bank of the United States.

• Loan
• Interest
• Federal Reserve
• Inflation

A person's source of money, dependent on the ability to produce.

• Income
• Reserve
• Investment
• Entrepreneur

At a bank, what are "reserves?"

• calling ahead to get a teller to help you

• saving a seat for someone at the bank

• a part of the deposit that a bank must keep and NOT loan out to customers

• a fruit jam or jelly you can put on bread

What is credit?

• Free money
• Borrowed money
• Standard of living
• A term that causes tears