Econ: Banking Study Guide Test.
Econ: Banking Study Guide Test. Bank deposits help the nation's economy by - CORRECT ANSWER giving banks the money to loan and invest. Read the graph that displays interest and total payments on a loan. Banks make the most money and take the most risk with an interest rate of - CORRECT ANSWER 18% A fee banks charge in exchange for borrowing money is called - CORRECT ANSWER interest How do central banks govern the banking industry? Check all that apply. - CORRECT ANSWER by deciding how much banks must keep in reserve by overseeing the nation's payment system by responding quickly to banking crises that occur by auditing banks based on current regulations Which is the correct order of entities who benefit when banks make a profit? - CORRECT ANSWER shareholders, companies, and the economy Banks pay interest to customers through a - CORRECT ANSWER savings account Which are the roles of a bank? Check all that apply. - CORRECT ANSWER Storing and holding money Lending money Investing in the economy Read the graph about mortgage interest rates and housing starts between 1978 and 1983.
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