WorksheetsChapter 21: The Government and Banking
Total questions: 18
Worksheet time: 10mins
What is the name of the United States Central Bank?
US Bank
To trade a good or service for another good or service.
Metallic form of money.
Money, both in coin and paper bills,
Exchange Rate
Cash
Dollar
Currency
A financial institution that offers full financial services to individuals and services.
Dollar Store
Credit Union
Federal Reserve
Bank
A nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services to members.
Stock Exchange
Federal Reserve
What New Deal program offered deposit insurance to American banks?
IRS
SSA
NRA
FDIC
Select all of the characteristics of money for it to be accepted.
Durable
Portable
Divisible
Colorful
Limited Supply
The first function of money...Money serves as a medium of (a) ?
Second of the three main functions of money...Money is a store of (a) .
The third main function of money...Money serves as a (a) of value.
An institution that lends money to other banks, also the place where government does their banking business.
What does FOMC stand for?
What is the interest rate called that the Federal Reserve charges to other financial institutions?
Discount rate
What is the percentage of a deposit that banks have to set aside as cash in their own vaults or at the Federal Reserve called?
Discount rate
Select all of the roles the Federal Reserve has.
The government's bank
Keep the economy strong and healthy
Regulate commercial banks
Manages the nation's currency
What is the savings account called where it is a timed deposit that gives that interest after it matures called?
What type of banking account can you withdraw deposited money at any time?
Certificate of Deposit
Money Market account
