Question

Why is the relationship between the FDIC and the Fed?
(1 point)
The Fed helps the FDIC insure banks.
The FDIC prints the money that the Fed issues.
The FDIC can challenge the interest rates the Fed sets.
The Fed limits how much the FDIC can invest in banks.
A)
Due to increasingly easy forms of credit, some businesses are no longer taking cash. Whatdisadvantage does this create?
(1 point)
All businesses are legally required to take cash.
These businesses are paying fees on all transactions.
Those without American currency cannot buy goods.
This means that there will be fewer bills in circulatio

Answer 1

1) The Fed helps the FDIC insure banks.
- The Fed is the central bank and works with the FDIC (which insures deposits) to maintain banking stability. The other choices are incorrect (the FDIC does not print money, cannot set Fed interest rates, and the Fed does not limit FDIC investments).

2) Those without American currency cannot buy goods.
- Refusing cash excludes people who are unbanked, underbanked, or tourists without cards, so they may be unable to make purchases.