Banking, Credit, Monetary Policy

Banking, Credit, Monetary Policy

10th Grade

35 Qs

quiz-placeholder

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Banking, Credit, Monetary Policy

Banking, Credit, Monetary Policy

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Easy

Created by

Vincent Hovis

Used 5+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What do we call the minimum amount a bank must keep on hand from depositors?

Reserve Requirement

Interest Rate

Discount Rate

Debit Requirement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What do we call the amount of time to pay back a loan?

principal

term

cycle

bond

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When the interest rate on a loan fluctuates over time?

Reserve Interest Rate

Fixed Interest Rate

Reserve Requirement

Variable or Flexible Interest Rate

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Means you officially approve of the transaction.

Authenticate

Guarantee

Contradict

Certify

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This type of loan requires collateral and has a lower interest rate because it is less riskier for the lender.

unsecured

sheltered

secured

riskless

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A checking account is best used for...

Storing money to spend

Placing money you earn

Investing money

Saving money

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When the interest rate stays the same for the duration of the loan?

Reserve Interest Rate

Fixed Interest Rate

Minimum Interest Rate

Flexible Interest Rate

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