Explaining how financial institutions channel funds from savers to borrowers.
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Q 1/7
Score 0
What is the circular flow diagram?
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It is a way of visualizing and categorizing activity within an economy. Goods, services, and resources flow in one direction. Money flows in the opposite direction.
Q 2/7
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What is this a picture of?
30
circular flow chart
7 questions
Q.
What is the circular flow diagram?
1
30 sec
CE.12.d
Q.
What is this a picture of?
2
30 sec
CE.12.d
Q.
What is the government's role in a circular flow chart of economic activity?
3
30 sec
Q.
What are private financial institutions?
4
30 sec
CE.12.e
Q.
What are the two primary functions of a bank or credit union?
5
30 sec
CE.12.e
Q.
What do financial institution do to encourage people to deposit their money?
6
30 sec
CE.12.e
Q.
How do banks and credit unions help businesses and individuals?
