WorksheetsEconomics - Chapter 10 - Money & Banking - Team Open Note Quiz
Total questions: 25
Worksheet time: 25mins
Which of these is the most liquid asset?
Checks
Property
Cash
Credit
What is happening here?
Bartering
Cooking
Flirting
Machismo
What function of money the picture represent?
Medium of Exchange
Store of Value
Unit of Account
Acceptable
What function of money the picture represents?
Medium of Exchange
Store of Value
Unit of Account
Durable
What function of money the picture represents?
Medium of Exchange
Store of Value
Unit of Account
Stable
What is NOT a characteristic of money?
Divisible
Portable
Acceptable
Accessible
What characteristic of money the picture represents?
Divisible
Acceptable
Portable
Stable
What characteristic of money the picture represents?
Acceptable
Scarce
Durable
Stable
What characteristic of money the picture represents?
Scarce
Divisible
Stable
Durable
There are _______ Regional Federal Reserve Banks, and one Federal Reserve Board of Governors.
50
4
12
52
The Federal Reserve is called "The Bankers Bank" because it supervises banks.
False
True
What is the name of our nation's central bank?
The Federal Reserve
The United States National Bank
The National Bank of the United States
Bank of America
The Fed ______________ banks to ensure the soundness of the banking system.
regulates
closes
opens
runs
Influencing the economy by changing the reserve requirement is called:
Fiscal policy
Monetary policy
Tight Money
Easy Money
The goal of monetary policy is to
sell bonds
reduce unemployment
seek price stability
red and blue
The Federal Reserve...
Regulates the amount of money.
Supervises Banks.
Provides Financial Services.
All of the above.
The coins and paper bills used as money in a society
Prices
Currency
Bond
Checks
_____________ is money by government decree, has no alternative value
Gold standard
Specie
Barter
Fiat money
____________ 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
__________ is a U.S. government institution that provides insurance on depositor's accounts
Congress
Department of the Interior
FDIC
Department of Homeland Security
The National Banking-System was created by Congress in _________ to standardize currency and banking practices in the U.S. and issued the first national currency known as the Greenback.
1811
1900
1933
1913
A specific type of loan that is used to purchase real estate
money market account
demand deposit
mortgage
amortization
Cards entitling their holder to buy goods and services based on each holder's promise to pay.
debit card
credit card
vip card
costco card
The largest source of income for banks is
fees
interest
checking accounts
savings accounts
