1. The Gold Standard Act of 1900 ended the standard known as(1 point)
fractional-reserve banking.
bimetallism.
liquidity.
full-reserve banking.
2. Which of the following describes the practice of fractional-reserve banking?(1 point)
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.
A bank retains all deposited funds.
A bank loans a percentage of every depositor's funds to borrowers.
3. 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)
savings deposit
demand deposit
credit card
debit card
4. Elijah is concerned that his bank is making poor financial decisions and worries that his $1,200 deposited in savings will be lost if the bank were to fail. As long as his bank meets the necessary requirements, which of the following protects Elijah against this potential loss?(1 point)
fractional-reserve banking
Glass-Steagall
Federal Deposit Insurance Corporation
Home Owners' Loan Act
5. A significant amount of legislation passed in the 20th century sought to reduce the risk of future economic events like the liquidity crisis experienced by banks during the Panic of 1907. Which of the following policies would increase the risk of a liquidity crisis?(1 point)
Banks are required to store a larger percentage of depositor funds in their vaults.
Banks in need of cash are offered low-interest loans from the Federal Reserve.
Banks are required to store a smaller percentage of depositor funds in their vaults.
Banks in need of cash are offered low-interest loans from other banks.
1. the gold standard act of 1900 ended the standard known as
/bimetallism
2. which of the following describes the practice of fractional-reserve banking?
/a bank loans a percentage of every depositor's funds to borrowers
3. 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?
/debit card
4. Elijah is concerned that his bank is making poor financial decisions and worries that his $1,200 deposited in savings will be lost if the bank were to fail. As long as his bank meets the necessary requirements, which of the following protects Elijah against this potential loss?
/federal deposit insurance corporation
5. A significant amount of legislation passed in the 20th century sought to reduce the risk of future economic events like the liquidity crisis experienced by banks during the Panic of 1907. Which of the following policies would increase the risk of a liquidity crisis?
/banks are required to store a smaller percentage of depositor funds in their vaults
#5 says Explain the differences in how a 401k, a Roth IRA, and a traditional IRA are taxed.(1 point)
Answer is C: A 401K is taxed when the money is withdrawn a Roth ira is taxed when the money is deposited and a traditional ira allows tax deductions when the money is deposited and then the money is taxed when it is withdrawn.