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5 Written questions

5 Matching questions

  1. standard of value
  2. store of value
  3. monetary policy
  4. currency
  5. mutual savings bank
  1. a paper money and coins that are in circulation
  2. b a bank owned by depositors who shares in its profit
  3. c government plan for regulation a nations economy supply and the availability of credit in order to accomplish certain economic goal
  4. d measure of the relative good/service
  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. total amount of money circulatory at any given time in a nations economy
  2. money in the form of coins
  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. daily process of debiting and crediting banks reserve accounts and checking accounts
  5. anything a seller will accept as a payment for a good or service

5 True/False questions

  1. 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


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


  3. commercial bankmoney system based on an item that has a value to society


  4. debit cardinterest rate for loans that banks charge to their most reliable customer


  5. easy money policygovernment method designed to reduce the economy money supply