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5 Written Questions

5 Matching Questions

  1. representative money
  2. near money
  3. saving and loans associations
  4. tight money policy
  5. specie
  1. a money system i/w an item can be exchanged for something else that is valued
  2. b government method designed to reduce the economy money supply
  3. c an asset that can easily be converted into cash when needed
  4. d money in the form of coins
  5. e financial institution that lends money and i/w depositors maintain saving ans checking accounts

5 Multiple Choice Questions

  1. a characteristic of a medium of exchange that allows it and thus value of wealth to be stored
  2. total amount of money circulatory at any given time in a nations economy
  3. anything a seller will accept as a payment for a good or service
  4. 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. government plan for regulation a nations economy supply and the availability of credit in order to accomplish certain economic goal

5 True/False Questions

  1. 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


  2. reserve requirementmoney the fed requires a bank to hold either in it owns vault or in a district federal reserve bank


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


  4. prime rateinterest rate changed by federal reserve for loans to member bank


  5. check clearingplastic card used to make withdrawal at an automatic teller machine or a place of business


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