Lesson 1- Money Lesson 2- The Federal Reserve System Lesson 3- Banks and Banking
100
What is anything that a group of people accepts as a means of exchange?
What is money?
100
What is the United States suffered several recessions?
What happened in the United States in the 1900's?
100
What is some banks and other businesses had made home loanns to borrowers who were not able to repay them?
What crisis happened in 2008?
200
What is the money that customers put into a financial institution?
What is a deposit?
200
What is seven?
How many members are in The Board of Governors?
200
What is 1929-1933?
When year did the The Great Depression start?
300
What is portable, divisible, durable, or limited supply? ANSWERS MAY VARY.
What are at least 2 characteristics for an object to serve as money?
300
What is to oversee banking and carry out Fed policies in each district?
What is the purpose of The District Banks?
300
What is the National Bank Act?
What act did the Union Government pass that helped bring order to the banking industry?
400
What is to buy cars or houses, businesses borrow to expand operations or buy new equipment?
What are some reasons people borrow money?
400
What is to help banks when times are difficult?
What is the purpose of the central bank?
400
What is a type of account that pays higher interests than a savings account but has a fixed period of time?
What is a certificate of deposit?
500
What is medium of exchange, store of value, and measure of value?
What are the three main functions of money?
500
What is the most powerful commitee,make decisions that affect the economy?
What does the FOMC do?
500
What is by writing a check or by using a debit card?
How can money be withdrawn from a checking account?






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