Search Header Logo

Bank Transactions: Checking/Debit

Authored by Stephanie Harp

Business

12th Grade

Used 3+ times

Bank Transactions: Checking/Debit
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

66 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_____ money has value because the government says it has value.

fiat
representative
commodity
counterfeit

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How is money created?

when a bank makes a loan
when a bank receives a deposit
when a consumer makes a purchase
when the government prints money

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following aggregates used to measure the money supply includes time-related accounts that hold less than $100,000?

M2
M4
M3
M1

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not a function of money?

coincidence of wants
unit of account
medium of exchange
store of value

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What percentage of deposits are banks required to keep in reserves?

0.1
0.15
0.25
0.2

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A _____ is used in commerce, particularly international trade.

bill of exchange
money order
traveler's check
cashier's check

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not true of traveler's checks?

They are used to pay a specific party.
They are a type of draft.
They can be refunded if lost or stolen.
They can only be purchased at financial institutions.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?