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5 Written Questions

5 Matching Questions

  1. tight money policy
  2. monetary policy
  3. fiat money
  4. standard of value
  5. prime rate
  1. a interest rate for loans that banks charge to their most reliable customer
  2. b government plan for regulation a nations economy supply and the availability of credit in order to accomplish certain economic goal
  3. c government method designed to reduce the economy money supply
  4. d measure of the relative good/service
  5. e money not backed by gold silver or other item of value, but has worth due to government requirement to be a medium of exchange

5 Multiple Choice Questions

  1. failure to make payment on a loan
  2. money the fed requires a bank to hold either in it owns vault or in a district federal reserve bank
  3. government methods such as reduce interest rates to expand the economy money supply
  4. a lifting or lessening of government control or restriction on a company industry or profession
  5. plastic card used to make withdrawal at an automatic teller machine or a place of business

5 True/False Questions

  1. representative moneymoney not backed by gold silver or other item of value, but has worth due to government requirement to be a medium of exchange

          

  2. check clearinga lifting or lessening of government control or restriction on a company industry or profession

          

  3. commercial bankfinancial institution whose chief purpose is to accept savings/checking, deposits make loans to business and individual transfer money among business

          

  4. commodity moneymoney system based on an item that has a value to society

          

  5. store of valuemeasure of the relative good/service

          

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