Angel's VIDEO [Easter Homework]

Watch the firt three minutes of the video.
QUESTIONS ABOUT VIDEO : POPULAR   MISCONCEPTION  AROUND  BANK

1.-  What is the general  idea the video talks about?

2.-  Very few members of the public really understand how banks work however most economics

graduates have a better idea (T/F)

3.- Which is the first problem the video says we can find about many policy makers and economist?

4.- How do most people think that the way banks work?

5.- A poll done by ICM found that…….. still believe that banks works that way.

a) Half of the UK public.

b) Most of the UK public.

c) Third of the UK public.

6.-  When they discover how Banks work they say “ this is wrong, I haven’t………………. to do so”.

7.- Your bank account isn’t a safe deposit box but it stores money  in a digital equivalent box.(T/F).

8.- The money you put into bank is not your money neither the money of the bank.(T/F).

9.- The numbers that appear in your account are:

a) Your money.

b) A record for the bank.

c) The balance of your account.

10.- In the balance of the bank, this is recorded as a ……………………….-

11.- What does the balance of your bank represent?