Most Modern Banking Systems Are Based on

question 25

Multiple Choice

Most modern banking systems are based on

• A) money of intrinsic value.
• B) commodity money.
• C) 100 percent reserves.
• D) fractional reserves.

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Definitions:

Trail Of Tears

Cherokees’ own term for their forced removal, 1838–1839, from the Southeast to Indian lands (later Oklahoma); of 15,000 forced to march, 4,000 died on the way.

Seminole Indians

A Native American tribe originally from Florida, known for its resistance against U.S. military campaigns.

Florida

A southeastern U.S. state known for its beaches, theme parks, and as a popular destination for retirees.

Oklahoma

A state located in the south-central region of the United States.