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5 Written questions

5 Matching questions

  1. fiat money
  2. mutual savings bank
  3. currency
  4. easy money policy
  5. standard of value
  1. a government methods such as reduce interest rates to expand the economy money supply
  2. b paper money and coins that are in circulation
  3. c measure of the relative good/service
  4. d a bank owned by depositors who shares in its profit
  5. e 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 Multiple choice questions

  1. an asset that can easily be converted into cash when needed
  2. money in the form of coins
  3. interest rate for loans that banks charge to their most reliable customer
  4. financial institution that lends money and i/w depositors maintain saving ans checking accounts
  5. a characteristic of a medium of exchange that allows it and thus value of wealth to be stored

5 True/False questions

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


  2. monetary policygovernment plan for regulation a nations economy supply and the availability of credit in order to accomplish certain economic goal


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


  4. pyramided reservessystem 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. moral suasionunofficial pressure that the fed reserves uses to persuade members banks to behave in a certain way