US Banking System (B2)
Quiz
•
Social Studies, Life Skills, Business
•
9th - 12th Grade
•
Practice Problem
•
Easy
Danielle Tuttle
Used 26+ times
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40 questions
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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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