| Lesson 1- Money | Lesson 2- The Federal Reserve System | Lesson 3- Banks and Banking |
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What is anything that a group of people accepts as a means of exchange?
What is money?
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What is the United States suffered several recessions?
What happened in the United States in the 1900's?
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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?
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What is the money that customers put into a financial institution?
What is a deposit?
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What is seven?
How many members are in The Board of Governors?
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What is 1929-1933?
When year did the The Great Depression start?
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What is portable, divisible, durable, or limited supply? ANSWERS MAY VARY.
What are at least 2 characteristics for an object to serve as money?
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What is to oversee banking and carry out Fed policies in each district?
What is the purpose of The District Banks?
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What is the National Bank Act?
What act did the Union Government pass that helped bring order to the banking industry?
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What is to buy cars or houses, businesses borrow to expand operations or buy new equipment?
What are some reasons people borrow money?
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What is to help banks when times are difficult?
What is the purpose of the central bank?
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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?
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What is medium of exchange, store of value, and measure of value?
What are the three main functions of money?
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What is the most powerful commitee,make decisions that affect the economy?
What does the FOMC do?
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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How can money be withdrawn from a checking account?
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