Specialty

10th

grade

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IG economics-unit 3

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18 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    What is a function of a central bank?

    collecting taxes

    issuing currency

    providing bank accounts for individuals

    setting foreign trade tariffs

  • 2. Multiple Choice
    30 seconds
    1 pt

    What is a function of a commercial bank?

    acting as the lender of last resort

    deciding what is a legal tender

    determining monetary policy

    providing overdrafts

  • 3. Multiple Choice
    30 seconds
    1 pt

    A central bank acts as a lender of last resort especially in times of financial crisis.

    What is the purpose of this function?

    to cover credit card debts of consumers

    to provide liquidity to the bank system

    to remove failing banks from the financial system

    to safeguard the profits of the banking system

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