WorksheetsMoney, Banking, & The FED
Total questions: 10
Worksheet time: 6mins
The central bank in the USA that regulates the monetary system is known as
IRS
FDIC
FED
Social Security
Monetary Policy is controlled by
The Federal Reserve Bank
The Legislative Branch
The President
Congress
Which of the following are characteristics of Money (Check ALL that apply)
Portable
Durable
Easily Divisible
Available, but in limited supply
Available, in unlimited supply
All of the following are functions of money, EXCEPT
Medium of Exchange
Measure of Value
Inflation Proof
Store of Value
The FED keeps a certain amount of money out of circulation. This is referred to as
Hoard
Emergency Fund
Stockpile
Reserve Requirement
The FED does all of the following, EXCEPT
Raise taxes
Act as government's bank
Regulate banking activity
Provide check clearing services
The FED was created
Post Revolutionary War
Post Civil War
Post WW2
Post Vietnam War
What is a Bank's most profitable product
ATM Fees
Loans
Taxes
Checking/Savings Accounts
The FED keeps a certain amount of money in circulation. This is referred to as
Excess Reserves
Emergency Fund
Demand Deposits
Reserve Requirement
How do Banks make money on loans?
Credit Card
Flat Loan Fee
Interest Rates
They don't make money
