The Gold Standard Act of 1900 ended the standard known as bimetallism.
The Gold Standard Act of 1900 ended the standard known as(1 point)
Responses
fractional-reserve banking.
fractional-reserve banking.
bimetallism.
bimetallism.
full-reserve banking.
full-reserve banking.
liquidity.
5 answers
Which of the following describes the practice of fractional-reserve banking?(1 point)
Responses
A bank retains all deposited funds.
A bank retains all deposited funds.
The United States issues a currency that can be exchanged for a set amount of gold.
The United States issues a currency that can be exchanged for a set amount of gold.
The United States issues a currency that cannot be exchanged for a set amount of gold.
The United States issues a currency that cannot be exchanged for a set amount of gold.
A bank loans a percentage of every depositor's funds to borrowers.
Responses
A bank retains all deposited funds.
A bank retains all deposited funds.
The United States issues a currency that can be exchanged for a set amount of gold.
The United States issues a currency that can be exchanged for a set amount of gold.
The United States issues a currency that cannot be exchanged for a set amount of gold.
The United States issues a currency that cannot be exchanged for a set amount of gold.
A bank loans a percentage of every depositor's funds to borrowers.
The practice of fractional-reserve banking is described by: A bank loans a percentage of every depositor's funds to borrowers.
Which of the following is a 20th-century banking development that allows an individual to transfer funds from a checkable deposit directly to a vendor for payment?(1 point)
Responses
savings deposit
savings deposit
demand deposit
demand deposit
debit card
debit card
credit card
Responses
savings deposit
savings deposit
demand deposit
demand deposit
debit card
debit card
credit card
The 20th-century banking development that allows an individual to transfer funds from a checkable deposit directly to a vendor for payment is a debit card.
7 answers