First Fireside Chat Banking 101 True Or False

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1.	When you deposit money in a bank, what does the bank do with it? -> Loans it out to others or invests it True False
2.	Why is it better for the economy to keep money in a bank rather than in a shoebox under your mattress? -> Banks know how to use your money better than you do True False
3.	If every customer of a bank rushed to withdraw all of their money at once, what would happen? -> The bank would have to turn people away, because they don't keep all of that cash on hand True False
4.	Economic panic is almost always caused by ______, and almost always restored by ________. -> criminals; the government True False
5.	What do we call the central institution that regulates all of the banks in the nation? -> The Federal Reserve True False

First Fireside Chat True or False

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