Federal reserve | Quizalize

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Federal reserve | Quizalize

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1. List the 3 functions of money? 2. List 4 characteristics of money? 3. Why did the United States in 1934 abandon the Gold Standard? 4. What is the standard that the US government embraces today as the way we supply money to US citizens? 5. Describe the main difference between the Federal Reserve system and the National Banking system? 6. What does the FDIC do to your money?
Powers granted to the national government by the United States Constitution which are spelled out (written) specifically in the Constitution are called ___________ powers. Denied Concurrent Federal Enumerated This was the first plan of government for the United States. It was meant to be a league of friendship between the states. It was too weak and failed. Magna Carta Mayflower Compact Petition of Right Articles of Confederation What gave Congress the power to regulate both foreign and interstate trade? Commerce Clause Kansas-Nebaska Act Supremacy Clause Santa Clause What is the structure of the national government? a) Unitary b) Federal c) Confederal d) Autocratic What is the relationship between the three branches of government, including separation of powers? a) They have no relationship b) They work independently of each other c) They share powers and work together d) They have overlapping powers 16. What is the relationship between the state governments and national government? a) State governments have more power than the national government b) State governments have no power compared to the national government c) State governments and the national government have equal power d) State governments and the national government have separate powers 17. What powers are denied by the state governments but given to the national government? a) Reserved powers b) Concurrent powers c) Denied powers d) Implied powers 18. What powers are shared by both the state governments and national government? a) Reserved powers b) Enumerated powers c) Concurrent powers d) Implied powers 19. States had no government at all when the United States was born. a) True b) False 20. The central government of the U.S. is known as the federal government. a) True b) False