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10-2 and 3 Multiple Choice

Authored by Nate TeSlaa

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10-2 and 3 Multiple Choice
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a bank run?

When people deposit money into banks
When many people try to withdraw their money from a bank all at once
When banks close for the day
When banks open new locations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the gold standard?

A special credit card
A way to measure pure gold
A system where paper money can be exchanged for gold
A type of bank account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a national bank?

A bank that operates across the entire country
A small local bank
A bank owned by the government
A place to store gold only

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the money supply?

The total amount of coins in a bank
How much money people save
The amount of paper bills printed each year
The total amount of money available in a country

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does liquidity mean?

How quickly something can be turned into cash
The amount of water in a bank vault
How much money someone borrows
The speed of banking transactions

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is fractional reserve banking?

A type of savings account
When banks split money equally
When banks keep only part of deposits and lend the rest
When banks charge fees

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is interest?

A bank holiday
Extra money paid for borrowing
Money kept in a safe
The main part of a loan

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