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WorksheetsPoBMF - Chapter 15 - Money and Banking Test
Total questions: 25
Worksheet time: 33mins
_____________ is a bank that can lend money to other banks in times of crisis
Congress
Central Bank
Department of the Interior
National Bank
____________ is the privately owned, publicly controlled central bank of the U.S.
J.P. Morgan Chase
Bank of America
The Federal Reserve System (FED)
Wells Fargo
_____________ are a paper currency issued by the FED
Specie
Federal Reserve Notes
Disney bucks
Shilling
Which of the following is one of the three functions of money?
scarcity
portability
divisibility
store of value
What type of money would this be?
Commodity
Fiat
Representitive
Gold
The more credit cards you have, the higher your credit score?
True
False
The best way for a government to get out of debt is to print more money?
True
False
Which is the least risky investment?
A Stock
A Mutual Fund
Starting your own business
Regressive taxes...
Are higher the more you make
Are lower the more you make
are the same for everyone
Which is a TRUE statement about banks.
Limited Losses if your debit card disappears.
The Federal Deposit Insurance Corporation (FDIC) insures customers’ money.
Deposits are insured by the National Credit Union Administration (NCUA).
Credit Unions are not-for-profit organizations
True
False
Which types of banks can you name? (Pick 3)
Central bank
Investment bank
Non-profit bank
Commercial bank
What of the following is true? A bank... (Pick 4)
is a financial institution
is a financial intermediary
is a private business and is not regulated
connects customers that have capital deficits to customers with capital surpluses
accepts deposits and channels those deposits into lending activities
