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5 Written questions

5 Multiple choice questions

  1. goods and services are indirectly exchanged for money, which then can be exchanged for other goods and services
  2. something to place valuables in at the bank
  3. Anything accepted as a standard form of payment
  4. something valuable you put up for a loan, such as a car or coin collection
  5. a situation where money is transferred from one bank account to another to move money around

5 True/False questions

  1. Withdrawa rate the bank pays you for keeping your money there

          

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

          

  3. Mortgagea deed to give the lender the property if the loan is not paid back

          

  4. Interesta rate the bank pays you for keeping your money there

          

  5. Depositthe money put into the bank