<p> Chapter 24 Worksheet</p><p>Section 1 1. How do economists define money?</p><p>2. What are three functions of money?</p><p>3. What do financial institutions do with the money placed into it by people and businesses?</p><p>4. What is the FDIC?</p><p>5. What two factors make the United States financial system so safe?</p><p>6. What type of financial institution works on a non-profit basis? 7. Why does money have value? Section 2 8. How many members make up the Board of Governors? How do they get these positions?</p><p>9. What are the three ways that the Fed acts as the government’s bank?</p><p>10. What are three tools the Fed uses to manipulate the money supply?</p><p>11. What is monetary policy?</p><p>12. What is the central bank of the United States? How many districts is it divided in to?</p><p>Section 3 13. What are checking accounts used for?</p><p>14. What is an advantage of savings accounts?</p><p>15. Who starts banks?</p>