Chapter one
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13 terms
Terms | Definitions |
|---|---|
 asset | anythhing of value (cash) |
| central banks | the governmental banks that manage, regulate, and protect both the money supply and the banks themselves |
| commercial banks | the instutions commonly thought of as banks |
| depositors | people who put money into banks |
| depository intermediary | are those that obtain in funds from the public and use them to finance their business |
| liability | finanical terms, iscosh obligation |
| liquid asset | is anything that can readily be exchanged like cash |
| medium of exchange | an a greed- upon system for measuring value of goods and service |
| niche market | smaller banks that target particualr consumers work |
| non depository intermediary | are those that do not take or hold deposits |
| profit | whats left of revune after costs are deducted |
| retail banks | other thrift institutions such as mutual saving banks and loans |
| spread | the difference between what a bank pays in interest and what it receives in interest |
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