NAME: ________________________

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5 Written Questions

5 Matching Questions

  1. monetary policy
  2. deregulation
  3. mutual savings bank
  4. reserve requirement
  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 a bank owned by depositors who shares in its profit
  4. d a lifting or lessening of government control or restriction on a company industry or profession
  5. e money the fed requires a bank to hold either in it owns vault or in a district federal reserve bank

5 Multiple Choice Questions

  1. total amount of money circulatory at any given time in a nations economy
  2. money in the form of coins
  3. a characteristic of a medium of exchange that allows it and thus value of wealth to be stored
  4. money system i/w an item can be exchanged for something else that is valued
  5. anything a seller will accept as a payment for a good or service

5 True/False Questions

  1. currencypaper money and coins that are in circulation

          

  2. 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

          

  3. defaultfailure to make payment on a loan

          

  4. easy money policygovernment methods such as reduce interest rates to expand the economy money supply

          

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

          

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