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5 Written questions

5 Matching questions

  1. discount rate
  2. deregulation
  3. store of value
  4. currency
  5. fiat money
  1. a money not backed by gold silver or other item of value, but has worth due to government requirement to be a medium of exchange
  2. b paper money and coins that are in circulation
  3. c interest rate changed by federal reserve for loans to member bank
  4. d a lifting or lessening of government control or restriction on a company industry or profession
  5. e a characteristic of a medium of exchange that allows it and thus value of wealth to be stored

5 Multiple choice questions

  1. money system based on an item that has a value to society
  2. financial institution whose chief purpose is to accept savings/checking, deposits make loans to business and individual transfer money among business
  3. government method designed to reduce the economy money supply
  4. a bank owned by depositors who shares in its profit
  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. reserve requirementmoney system i/w an item can be exchanged for something else that is valued

          

  2. prime ratemoney in the form of coins

          

  3. monetary policygovernment methods such as reduce interest rates to expand the economy money supply

          

  4. near moneyan asset that can easily be converted into cash when needed

          

  5. Medium of exchangea characteristic of a medium of exchange that allows it and thus value of wealth to be stored

          

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