Question

1. which of the following is an example of an informal bank? a bank that is not incorporated. a bank that is not a member of a central bank. a merchant who stores money for customers. an individual who loans money to friends. 2. barter is a means for comparing the values of goods and services. the direct exchange of one set of goods or services for another. anything that serves as a medium of exchange, a unit of account, and a store of value. something that keeps its value if it is stored rather than used. 3. which act abolished the independence of the savings and loan industry and transferred insurance responsibilities to the federal deposit insurance corporation (fdic)? federal reserve act financial institutions reform, recovery, and enforcement act national banking act of 1863 national banking act of 1864 4. which is not a use of money? store value medium of exchange economic resource unit of account

Explanation:

Question 1

An informal bank operates outside formal banking regulations. A merchant storing money for customers is an example of an informal banking - like activity. A non - incorporated bank or a non - central bank member may still be formal. Loaning to friends is a personal loan, not a bank - like service.

Barter is defined as the direct exchange of goods or services without using money. Option A is about measuring value (like money as a unit of account), option C is the definition of money, and option D is about store of value (a function of money).

The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) abolished the independence of the savings and loan industry and transferred insurance responsibilities to FDIC. The Federal Reserve Act created the Fed, the National Banking Acts of 1863/1864 established a national banking system.

Answer:

C. A merchant who stores money for customers.

Question 2