Quiz Name: The Cycle and History of Money
Student Name: ____________________
Period: ____________
Type: Question and Answer
Instructions: Provide complete answers. Good Luck!
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Question 1: Where are coins made?
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Question 2: Where is paper money made?
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Question 3: How does money end up at the Federal Reserve
Bank?
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Question 4: Why does the money sit at the Federal Reserve
Bank?
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Question 5: What happens when your money sits in the
bank in a C.D. for 6 months?
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Question 6: What is interest?
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Question 7: What is a medium of exchange?
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Question 8: What is principle?
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Question 9: What are the six characteristics of money?
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Question 10: What are some examples of forms of money
used by Africans and Native Americans before coins and bills were created?
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Question 11: What other kinds of savings accounts are
there?
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Question 12: What does balance mean?
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Question 13: What is the FDIC?
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Question 14: What does it mean to barter?
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Question 15: Name the three functions of money.
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Question 16: Which President sent Lewis and Clark to
explore the West? (type his name only...remember, you're answer is a proper
noun.)
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Question 17: Which jobs are more in demand today in the
U.S.?
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Question 18: Is Maine's personal income per capita above
or below the national average?
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Question 19: Is Maine's poverty rate above or below the
national average?
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Question 20: Is Maine's public school spending above
or below the national average?
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Question 21: What is the symbol for the MBNA Corporation?