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5 Written questions

5 Matching questions

  1. mutual savings bank
  2. commercial bank
  3. tight money policy
  4. saving and loans associations
  5. easy money policy
  1. a financial institution whose chief purpose is to accept savings/checking, deposits make loans to business and individual transfer money among business
  2. b government method designed to reduce the economy money supply
  3. c government methods such as reduce interest rates to expand the economy money supply
  4. d a bank owned by depositors who shares in its profit
  5. e financial institution that lends money and i/w depositors maintain saving ans checking accounts

5 Multiple choice questions

  1. plastic card used to make withdrawal at an automatic teller machine or a place of business
  2. measure of the relative good/service
  3. money the fed requires a bank to hold either in it owns vault or in a district federal reserve bank
  4. government plan for regulation a nations economy supply and the availability of credit in order to accomplish certain economic goal
  5. paper money and coins that are in circulation

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. near moneymoney not backed by gold silver or other item of value, but has worth due to government requirement to be a medium of exchange

          

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

          

  4. 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

          

  5. fiat moneyan asset that can easily be converted into cash when needed