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5 Written questions

5 Matching questions

  1. currency
  2. easy money policy
  3. saving and loans associations
  4. commercial bank
  5. prime rate
  1. a financial institution that lends money and i/w depositors maintain saving ans checking accounts
  2. b paper money and coins that are in circulation
  3. c financial institution whose chief purpose is to accept savings/checking, deposits make loans to business and individual transfer money among business
  4. d interest rate for loans that banks charge to their most reliable customer
  5. e government methods such as reduce interest rates to expand the economy money supply

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. plastic card used to make withdrawal at an automatic teller machine or a place of business
  4. 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. system in which smaller bank deposit some of their reserve into larger banks and the larger banks deposit some of their reserves into largest bank

5 True/False questions

  1. deregulationa lifting or lessening of government control or restriction on a company industry or profession

          

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

          

  3. tight money policygovernment method designed to reduce the economy money supply

          

  4. representative moneymoney system i/w an item can be exchanged for something else that is valued

          

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

          

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