NAME

Question types


Start with


Question limit

of 25 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. debit card
  2. mutual savings bank
  3. check clearing
  4. pyramided reserves
  5. store of value
  1. a 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
  2. b a characteristic of a medium of exchange that allows it and thus value of wealth to be stored
  3. c daily process of debiting and crediting banks reserve accounts and checking accounts
  4. d plastic card used to make withdrawal at an automatic teller machine or a place of business
  5. e a bank owned by depositors who shares in its profit

5 Multiple choice questions

  1. interest rate for loans that banks charge to their most reliable customer
  2. money system i/w an item can be exchanged for something else that is valued
  3. a lifting or lessening of government control or restriction on a company industry or profession
  4. an asset that can easily be converted into cash when needed
  5. total amount of money circulatory at any given time in a nations economy

5 True/False questions

  1. 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

          

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

          

  3. currencypaper money and coins that are in circulation

          

  4. defaultfailure to make payment on a loan

          

  5. moral suasiona lifting or lessening of government control or restriction on a company industry or profession

          

Create Set