WorksheetsFunctions of Banks and Federal Reserve
Total questions: 6
Worksheet time: 3mins
What are the two main functions of banks?
taking deposits
stealing your money
giving out loans
give your money to others
What is the Federal Reserve's role?
keeping banks stable and controlling the money supply
keeping banks stable and giving money to the rich people
Setting tax rates and government spending policies
offering loans to individual citizens and businesses
What is fractional reserve banking?
a system where banks only keep a small percentage of customer deposits on hand and loan out the rest
a system where banks only accept large deposits from wealthy customers
a system where banks do not keep any customer deposits on hand
a system where banks keep all customer deposits on hand at all times
What protects your deposits in a bank up to $250,000?
What is the Federal Reserve's main purpose?
What is the Federal Reserve also known as?
