Fresh features from the #1 AI-enhanced learning platform.
Try it free
Fresh features from the #1 AI-enhanced learning platform
Crush your year with the magic of personalized studying.
Try it free
hello quizlet
Home
Subjects
Expert Solutions
Log in
Sign up
Social Science
Economics
AP Macroeconomics Unit 4
5.0 (5 reviews)
Flashcards
Learn
Test
Match
Q-Chat
Get a hint
Medium of Exchange
Click the card to flip 👆
anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
Click the card to flip 👆
1 / 24
1 / 24
Flashcards
Learn
Test
Match
Q-Chat
Created by
natwat800
Share
Share
Terms in this set (24)
Medium of Exchange
anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
M1
narrowest measure of the money supply; all coins and paper bills in circulation, traveler's checks, checking account balances, and balances in credit unions
Time Deposits
savings plans that require savers to leave their funds on deposit for certain periods of time
Total Demand for Money
Transactions Demand + Assets Demand
12 Federal Reserve Banks
under mixed public/private control; These are the banker s banks, no individuals allowed
