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5 Written questions

5 Matching questions

  1. representative money
  2. debit card
  3. mutual savings bank
  4. saving and loans associations
  5. pyramided reserves
  1. a financial institution that lends money and i/w depositors maintain saving ans checking accounts
  2. b a bank owned by depositors who shares in its profit
  3. c 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
  4. d plastic card used to make withdrawal at an automatic teller machine or a place of business
  5. e money system i/w an item can be exchanged for something else that is valued

5 Multiple choice questions

  1. financial institution whose chief purpose is to accept savings/checking, deposits make loans to business and individual transfer money among business
  2. a characteristic of a medium of exchange that allows it and thus value of wealth to be stored
  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. measure of the relative good/service
  5. government plan for regulation a nations economy supply and the availability of credit in order to accomplish certain economic goal

5 True/False questions

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

          

  2. 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

          

  3. check clearinga lifting or lessening of government control or restriction on a company industry or profession

          

  4. prime rateinterest rate for loans that banks charge to their most reliable customer

          

  5. deregulationfailure to make payment on a loan