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5 Written questions

5 Matching questions

  1. store of value
  2. fiat money
  3. money supply
  4. commercial bank
  5. prime rate
  1. a total amount of money circulatory at any given time in a nations economy
  2. b a characteristic of a medium of exchange that allows it and thus value of wealth to be stored
  3. c interest rate for loans that banks charge to their most reliable customer
  4. d 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. e financial institution whose chief purpose is to accept savings/checking, deposits make loans to business and individual transfer money among business

5 Multiple choice questions

  1. financial institution that lends money and i/w depositors maintain saving ans checking accounts
  2. interest rate changed by federal reserve for loans to member bank
  3. 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
  4. money system based on an item that has a value to society
  5. daily process of debiting and crediting banks reserve accounts and checking accounts

5 True/False questions

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

          

  2. speciefailure to make payment on a loan

          

  3. Medium of exchangeanything a seller will accept as a payment for a good or service

          

  4. 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

          

  5. defaultmoney in the form of coins

          

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