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of 25 available terms

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5 Written Questions

5 Matching Questions

  1. easy money policy
  2. commercial bank
  3. specie
  4. pyramided reserves
  5. mutual savings bank
  1. a financial institution whose chief purpose is to accept savings/checking, deposits make loans to business and individual transfer money among business
  2. b a bank owned by depositors who shares in its profit
  3. c government methods such as reduce interest rates to expand the economy money supply
  4. d 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. e money in the form of coins

5 Multiple Choice Questions

  1. government plan for regulation a nations economy supply and the availability of credit in order to accomplish certain economic goal
  2. failure to make payment on a loan
  3. total amount of money circulatory at any given time in a nations economy
  4. money system i/w an item can be exchanged for something else that is valued
  5. 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 True/False Questions

  1. standard of valuea characteristic of a medium of exchange that allows it and thus value of wealth to be stored


  2. moral suasionunofficial pressure that the fed reserves uses to persuade members banks to behave in a certain way


  3. check clearingdaily process of debiting and crediting banks reserve accounts and checking accounts


  4. near moneyan asset that can easily be converted into cash when needed


  5. reserve requirementa lifting or lessening of government control or restriction on a company industry or profession


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