First Fireside Chat True or False
Back
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
Submit
Back
Cite This Page
×
Close
Cite This Source
Logging out…
Logging out...
You've been inactive for a while, logging you out in a few seconds...
W
hy's
T
his
F
unny?
CLOSE