US Banking System (B2)

US Banking System (B2)

9th - 12th Grade

40 Qs

quiz-placeholder

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US Banking System (B2)

US Banking System (B2)

Assessment

Quiz

Social Studies, Life Skills, Business

9th - 12th Grade

Practice Problem

Easy

Created by

Danielle Tuttle

Used 26+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

State banks had different currencies and policies in the early years of the United States.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

How did Alexander Hamilton feel about a national, central US bank?

He supported it because he thought it would help create a strong government

He supported it because he thought it would make him a lot of money.

He opposed it because it would give too much power to too few people.

He opposed it because he believed states should each have their own banks.

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

How did Thomas Jefferson feel about a national, central US bank?

He supported it because he thought it would help create a strong government

He supported it because he thought it would make him a lot of money.

He opposed it because it would give too much power to too few people.

He opposed it because he believed states should each have their own banks.

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What does it mean when the government bails out a bank?

The government buys the bank and becomes the owner

The government forces the bank to close

The government loans money to the bank

The government stops taxing the bank

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Money that is produced without consent of the government

functional money

compulsory money

invalid money

counterfeit money

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

How long was the charter on the First Bank of the United States?

5 years

10 years

20 years

30 years

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which law created the FDIC insurance program?

Glass-Stegall Act

Federal Reserve Act

National Banking Act

Deposit Insurance Act

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