Fundamentals of Money/ Evolution of Banking

How many Federal Reserve banks exist in the United States?

When was the continental first issued?

In what year did Nixon end the fixed trading price of gold?

Type of government bond issued with shorter maturities than T-bonds

Which of the following is NOT a regional location of the Federal Reserve Bank

True or False: A purpose of banking is to safeguard customers' money

Which of the following is part of the Federal Reserve Act of 1913?

The type of treasuries which have the longest maturities of all government bonds

Form of legal tender which can be used to exchange goods, debts, services

Standard mass of gold defines the value of a currency unit

Money can be used to intermediate exchange of goods/services. This demonstrates its function as

Government bonds are issued by which of the following financial institutions?

Money can be saved and used in the future w/o rapidly losing purchasing power. This function is

Which of the following loan rates is typically higher?

The Gold Standard Act was passed in which of the following years?

Which of the following is a role of Federal Reserve Banks?

Payment card which provides the cardholder electronic access to their bank account

System of money in general use in a country

U.S Capitol is featured on the reverse of which U.S bill?

Thomas Jefferson is on the obverse of which U.S coin?

Which of the following types of treasuries have the longest maturities of all government bonds?

Generally accepted as a medium of exchange, measure of value, means of payments

Which of the following made the gold dollar the official standard unit of currency?

What monetary amount was the FDIC insurance rate raised to in 2008?

When did the Great Depression start?

Where was the headquarters of the First Bank of the U.S?

A $20 bill features which of the following on reverse?

A slip of paper allowing user to make payment from their bank account to a business/individual

What is inflation?

Which of the following is money?

The total amount of monetary assets available in a country's economy at a specific time

Wire transfer of money from one bank account to another

Which of the following treasuries are NOT a type of government bond?

Type of money made with metal, stamped and issued by authority of government

Which was true of the World Bank Group?

Paper currency issued by the continental conference

Government bonds issued with four terms of 4, 13, 26, or 52 weeks

Which of the following is declared legal tender by government, but not physically backed?

Which of the following was a cause of the Great Depression?

A torch is features on the reverse of which U.S coin?

What was the Mint Act of April 1792?

The First Bank of the U.S was chartered in __, and the Second Bank of the U.S in __

Which currency was NOT used in the U.S?

When was the nation's "free banking era?"

Which of the following types of notes was produced in 1863?

Desired holding of financial assets in the form of money- cash and bank deposit

Payment card issued by a bank to cardholders as a method of payment

Form of debt issued by a national government

Which of the following is true of the National Currency Act of 1863?

When did paper certificates of money first begin?

What services does the World Bank Group assist with?

Promissory notes issued by a federal reserve bank