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5 Written questions

5 Matching questions

  1. deregulation
  2. currency
  3. fiat money
  4. representative money
  5. saving and loans associations
  1. a money system i/w an item can be exchanged for something else that is valued
  2. b money not backed by gold silver or other item of value, but has worth due to government requirement to be a medium of exchange
  3. c paper money and coins that are in circulation
  4. d a lifting or lessening of government control or restriction on a company industry or profession
  5. e financial institution that lends money and i/w depositors maintain saving ans checking accounts

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. a bank owned by depositors who shares in its profit
  3. financial institution whose chief purpose is to accept savings/checking, deposits make loans to business and individual transfer money among business
  4. daily process of debiting and crediting banks reserve accounts and checking accounts
  5. unofficial pressure that the fed reserves uses to persuade members banks to behave in a certain way

5 True/False questions

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

          

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

          

  3. prime rateinterest rate for loans that banks charge to their most reliable customer

          

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

          

  5. money supplyunofficial pressure that the fed reserves uses to persuade members banks to behave in a certain way