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5 Written questions

5 Matching questions

  1. Medium of exchange
  2. check clearing
  3. prime rate
  4. saving and loans associations
  5. standard of value
  1. a measure of the relative good/service
  2. b interest rate for loans that banks charge to their most reliable customer
  3. c financial institution that lends money and i/w depositors maintain saving ans checking accounts
  4. d anything a seller will accept as a payment for a good or service
  5. e daily process of debiting and crediting banks reserve accounts and checking accounts

5 Multiple choice questions

  1. failure to make payment on a loan
  2. plastic card used to make withdrawal at an automatic teller machine or a place of business
  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
  4. government method designed to reduce the economy money supply
  5. 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 True/False questions

  1. deregulationfailure to make payment on a loan

          

  2. discount rateinterest rate for loans that banks charge to their most reliable customer

          

  3. currencymoney in the form of coins

          

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

          

  5. 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