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5 Written questions

5 Matching questions

  1. fiat money
  2. debit card
  3. discount rate
  4. money supply
  5. Medium of exchange
  1. a interest rate changed by federal reserve for loans to member bank
  2. b plastic card used to make withdrawal at an automatic teller machine or a place of business
  3. c total amount of money circulatory at any given time in a nations economy
  4. d 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. e anything a seller will accept as a payment for a good or service

5 Multiple choice questions

  1. money in the form of coins
  2. 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
  3. a lifting or lessening of government control or restriction on a company industry or profession
  4. interest rate for loans that banks charge to their most reliable customer
  5. money system based on an item that has a value to society

5 True/False questions

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


  2. tight money policygovernment method designed to reduce the economy money supply


  3. currencyan asset that can easily be converted into cash when needed


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


  5. check clearingdaily process of debiting and crediting banks reserve accounts and checking accounts