Did you know that banks, as the lifeblood of the U.S. economy, actually create money? Most Americans entrust their savings to banks with blind faith. But in an uncertain economy, it's more important than ever to understand the role and functions of banks. Prove your worth and your knowledge with this quiz on how banks work.
Question 1 of 10
Banks are critical to the U.S. economy because their primary function is to:
Question 2 of 10
In response to the banking crisis during the Great Depression, the United States government:
Question 3 of 10
How do banks make money?
Question 4 of 10
Who is primarily responsible for protecting the public from unsafe banking practices?
Question 5 of 10
In deciding whether to issue a charter to a bank, an agency will asses the directors' and CEOs':
Question 6 of 10
Bank organizers are responsible for contributing what percentage of the capital requirements to start a bank?
Question 7 of 10
The Federal Reserve Act requires banks to:
Question 8 of 10
Which of the following types of accounts is a kind of checking account that pays interest?
Question 9 of 10
What is a holding company?
Question 10 of 10