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of 18 available terms

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6 Written Questions

6 Multiple Choice Questions

  1. all the money available in the US economy
  2. objects that have value because a government has decreed that they are acceptable means to pay debts
  3. a card entitling its owner to buy goods and services based on the owner's promise to pay for the use of borrowed money
  4. a card used to withdraw money from a bank account
  5. a specific type of loan that is used to buy real estate
  6. objects that have value because the holder can exchange them for something else of value

6 True/False Questions

  1. moneyobjects that have value because a government has decreed that they are acceptable means to pay debts

          

  2. foreclosurea specific type of loan that is used to buy real estate

          

  3. principala person or institution to whom money is owed

          

  4. barterthe direct exchange of one set of goods or services for another

          

  5. interestthe price paid for the use of borrowed money

          

  6. defaultanything that serves as a medium of exchange, a unit of account, and a store of value

          

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