Money and Banking

Instead of bartering, we receive goods in exchange for ____________________?

• Food

• Textiles

• Money

• Shelter

Cash and coins are the only source of money on this planet?

• True

• False

Finance and money can be both digital and physical.

• False

• True 

Name one form of digital currency?

• Physical cash and coin

• Barter

• Bitcoin

• Checks 

When did the United States fray away from the Gold Standard?

• 1920's

• 1990's

• 1940's

• 1930's

What are the two groups that represent the financial system?

Mark all that apply

• Bankers

• Lenders

• Borrowers

• Bit Coins

• Stock holders

What do banks and bonds have in common?

• Savings

• Debt

• Interest

• Credit

Why  don't households lend their savings directly to companies?

• Households don't have a good relationship with companies.

• There are not enough bonds to go around.

• The risk is too high.

• The stock market might crash

Most likely, you will never become a borrower or a lender

• True 

• False