How the Government Protects Your Money During a Financial Crisis

Instructions:

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question 1 of 3

Which of the following was NOT a cause of the financial crisis of 2008?

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1. How much money will the FDIC insure for each account in case a bank fails?

2. Why does the Fed have an important role in managing the economy?

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About This Quiz & Worksheet

The federal government has several safeguards to protect the money citizens have in their bank accounts when a financial crisis occurs and these will be reviewed in this quiz and worksheet combination. A few of the topics the quiz tests your understanding of include the causes of the financial crisis of 2008 the amount the FDIC insures.

Quiz & Worksheet Goals

These resources can be used to review what you know about:

  • What caused the 2008 financial crisis
  • The dollar amount the FDIC insures
  • Who has the power to engage in quantitative easing
  • What act was passed in response to the 2008 financial crisis
  • The methods used by the government to stimulate the economy

Skills Practiced

As you complete this worksheet and quiz, you can practice:

  • Interpreting information - verify you can read information regarding the amount of money the FDIC insures in case a bank fails
  • Reading comprehension - ensure that you draw the most important information from the related lesson on the causes of the 2008 financial crisis
  • Information recall- access the knowledge you've gained regarding the act passed because of the 2008 financial crisis

Additional Learning

The lesson titled How the Government Protects Your Money during a Financial Crisis can be used to examine the fiscal policies that help keep your money safe. Some objectives in this lesson are:

  • Describe what happened during the financial crisis of 2008
  • Understand the factors involved in the crisis
  • Identify all the ways government can protect monetary assets
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