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5 Written questions

5 Multiple choice questions

  1. a situation where money is transferred from one bank account to another to move money around
  2. the money taken out
  3. a rate the bank pays you for keeping your money there
  4. a loan made to an individual to pay for personal items like a car, home repairs, or a vacation
  5. a loan made to businesses to buy supplies and equipment

5 True/False questions

  1. Monetary Systemgoods and services are indirectly exchanged for money, which then can be exchanged for other goods and services


  2. Bank Accounta record of how much money a customer has put in or taken out of a bank


  3. MoneyAnything accepted as a standard form of payment


  4. safety-deposit boxsomething to place valuables in at the bank


  5. Federal Reserve Systemresponsible for controlling the amount of money in circulation


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