5 Written Questions

1. paper money and coins that are in circulation
2. measure of the relative good/service
3. total amount of money circulatory at any given time in a nations economy
4. money in the form of coins
5. money system i/w an item can be exchanged for something else that is valued

5 Matching Questions

1. deregulation
2. pyramided reserves
3. moral suasion
4. near money
5. store of value

1. a unofficial pressure that the fed reserves uses to persuade members banks to behave in a certain way
2. b a lifting or lessening of government control or restriction on a company industry or profession
3. c an asset that can easily be converted into cash when needed
4. d a characteristic of a medium of exchange that allows it and thus value of wealth to be stored
5. e 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 Multiple Choice Questions

1. anything a seller will accept as a payment for a good or service
   1. store of value
   2. Medium of exchange
   3. discount rate
   4. prime rate
2. money the fed requires a bank to hold either in it owns vault or in a district federal reserve bank
   1. reserve requirement
   2. deregulation
   3. store of value
   4. representative money
3. money not backed by gold silver or other item of value, but has worth due to government requirement to be a medium of exchange
   1. commodity money
   2. prime rate
   3. near money
   4. fiat money
4. government plan for regulation a nations economy supply and the availability of credit in order to accomplish certain economic goal
   1. easy money policy
   2. monetary policy
   3. money supply
   4. near money
5. daily process of debiting and crediting banks reserve accounts and checking accounts
   1. deregulation
   2. check clearing
   3. specie
   4. debit card

5 True/False Questions

1. debit card → failure to make payment on a loan

   True        False

2. default → a lifting or lessening of government control or restriction on a company industry or profession

   True        False

3. mutual savings bank → unofficial pressure that the fed reserves uses to persuade members banks to behave in a certain way

   True        False

4. commercial bank → money system based on an item that has a value to society

   True        False

5. saving and loans associations → unofficial pressure that the fed reserves uses to persuade members banks to behave in a certain way

   True        False