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Study sets matching "banking chapter 10"

30 terms
Chapter 10: Money and Banking
money
medium of exchange
barter
unit of account
Anything that serves as a medium of exchange, a unit of accou…
anything that is used to determine value during the exchange…
The direct exchange of one set of goods or services for another
a means for comparing the values of goods and services
money
Anything that serves as a medium of exchange, a unit of accou…
medium of exchange
anything that is used to determine value during the exchange…
20 terms
Banking and Finance - Chapter 10
Maturity date
Face value
Debenture
Mortgage bond
The date when a bond will be repaid.
The dollar amount that the bondholder will receive at the bon…
A bond that is backed only by the reputation of the issuing c…
A bond that is backed by assets of the corporation, also call…
Maturity date
The date when a bond will be repaid.
Face value
The dollar amount that the bondholder will receive at the bon…
12 terms
Banking Chapter 10
types of financial innovation
Response to Changes in Demand Conditions
Interest Rate Volatility
Adjustable-Rate Mortgages
1. responses to changes in demand conditions, ... 2. responses t…
- Interest Rate Volatility... - Adjustable-Rate Mortgages... - Fina…
We would expect the increase in interest-rate risk to increas…
Initially, an adjustable-rate mortgage might have a 5% intere…
types of financial innovation
1. responses to changes in demand conditions, ... 2. responses t…
Response to Changes in Demand Conditions
- Interest Rate Volatility... - Adjustable-Rate Mortgages... - Fina…
24 terms
Chapter 10 Banking Terms
Interest
Commercial Bank
Mutual Savings Bank
Savings and Loans
A fee paid for the opportunity to use someone else's money ov…
Financial institutions owned by shareholders and operated for…
State chartered financial institutions operated by trustees f…
Financial institutions specialized in providing funds to home…
Interest
A fee paid for the opportunity to use someone else's money ov…
Commercial Bank
Financial institutions owned by shareholders and operated for…
38 terms
Chapter 10 Vocabulary Money and Banking
barter economy
commodity money
fiat money
Federal Reserve System (Fed)
a moneyless economy that relies on trade
money that has an alternative use as an economic good--corn,…
money by government decree
privately owned, publically controlled, central bank of the U…
barter economy
a moneyless economy that relies on trade
commodity money
money that has an alternative use as an economic good--corn,…
56 terms
Investment Banking (Chapter 10)
Hedge
Bank Holding Company
Results of financial crisis
Glass-Steagall Banking Act of 1933
an investment to reduce the risk of adverse price movements i…
a company that controls one or more banks, but does not neces…
1) The Fed pushed Bear Stearns into the arms of J.P. Morgan t…
Enacted after Stock Market Crash of 1929 to protect depositor…
Hedge
an investment to reduce the risk of adverse price movements i…
Bank Holding Company
a company that controls one or more banks, but does not neces…
30 terms
Money and Banking Chapter 10
money
medium of exchange
barter
unit of account
anything that serves as a medium of exchange, a unit of accou…
anything that is used to determine value during the exchage o…
the direct exchage of one set of goods or sevices for another
a means for comparing the values of goods and services; compa…
money
anything that serves as a medium of exchange, a unit of accou…
medium of exchange
anything that is used to determine value during the exchage o…
16 terms
Economics Chapter 10: Money and Banking
money
medium of exchange
barter
standard of value
n. anything that people will accept as payment for goods and…
n. a means through which goods and services can be exchanged…
n. the exchange of goods and services without using money (p.…
n. the yardstick of economic worth in the exchange process (p…
money
n. anything that people will accept as payment for goods and…
medium of exchange
n. a means through which goods and services can be exchanged…
16 terms
Chapter 10: Money and Banking
money
medium of exchange
barter
standard of value
n. anything that people will accept as payment for goods and…
n. a means through which goods and services can be exchanged…
n. the exchange of goods and services without using money (p.…
n. the yardstick of economic worth in the exchange process (p…
money
n. anything that people will accept as payment for goods and…
medium of exchange
n. a means through which goods and services can be exchanged…
30 terms
Chapter 10: Money and Banking
money
medium of exchange
barter
unit of account
Anything that serves as a medium of exchange, a unit of accou…
anything that is used to determine value during the exchange…
The direct exchange of one set of goods or services for another
a means for comparing the values of goods and services
money
Anything that serves as a medium of exchange, a unit of accou…
medium of exchange
anything that is used to determine value during the exchange…
25 terms
Banking Systems Chapter 10
sovereign wealth fund
edge corporations
correspondent bank
country risk
Excess funds that are segregated from a country's official cu…
Are financial corporations that are federally chartered and a…
Acts as a point of contact for other banks that do not have a…
The term for the entire range of political, legal, social, an…
sovereign wealth fund
Excess funds that are segregated from a country's official cu…
edge corporations
Are financial corporations that are federally chartered and a…
32 terms
Chapter 10 Money and Banking (Economics)
Money
Medium of Exchange
Barter
Unit of Account
Anything that serves as a medium of exchange, a unit of accou…
Anything that is used to determine value during the exchange…
The direct exchange of one set of goods or services for anoth…
A means for comparing the values of goods and services.
Money
Anything that serves as a medium of exchange, a unit of accou…
Medium of Exchange
Anything that is used to determine value during the exchange…
31 terms
Money and Banking Chapter 10: the economies of banking
balance sheet
asset
liability
bank capital
A financial statement that reports assets, liabilities, and o…
Something of value that is owned by a firm or an individual
something that an individual or firm owes
the bank's net worth, which equals the difference between tot…
balance sheet
A financial statement that reports assets, liabilities, and o…
asset
Something of value that is owned by a firm or an individual
22 terms
Chapter 10 Banking Terms
Interest
Commercial Banks
Mutual Savings banks
Savings and loans
A fee paid for the opportunity to use someone else's money fo…
Financial institutions owned by shareholders and operated for…
State- chartered financial institutions operated by trustees…
Financial institutions that originally specialized in providi…
Interest
A fee paid for the opportunity to use someone else's money fo…
Commercial Banks
Financial institutions owned by shareholders and operated for…
45 terms
Chapter 10 banking
Barter
Representative money
FDIC
Federalist beliefs banking
Trading for goods and services
Piece of paper the holder can turn in for future value
Federal Deposit Insurance Corporation
Centralized national bank
Barter
Trading for goods and services
Representative money
Piece of paper the holder can turn in for future value
26 terms
Banking Chapter 10
Information Security Program
Peace of mind
Automatic Session expiration, and auto…
Multifactor Authentication
plan for ensuring that data and technology systems are not ac…
By protecting customer's information and privacy, banks provi…
Two security measures banks employ to prevent unauthorized ac…
Authentication by 2 or more of the following: something the c…
Information Security Program
plan for ensuring that data and technology systems are not ac…
Peace of mind
By protecting customer's information and privacy, banks provi…
28 terms
Chapter 10: Banking and Investing
Simple Interest
Rate
Time
Savings Account
I=prt
The percent of interest charged for money loaned
The period of time for which money is loaned
a bank account that accumulates interest
Simple Interest
I=prt
Rate
The percent of interest charged for money loaned
61 terms
Money and Banking Chapter 10
balance sheet
Bank Capital (shareholders equity)
Sources of funds
uses of funds
a statement that shows an individual's or a firm's financial…
-The difference between the value of a bank's assets and the…
-Primarily deposits; ... -Bank's liabilities and capital
-Primarily loans... -Banks assets
balance sheet
a statement that shows an individual's or a firm's financial…
Bank Capital (shareholders equity)
-The difference between the value of a bank's assets and the…
23 terms
Vocabulary Chapter 10 Banking
Interest
Commercial Bank
Mutual Savings Bank
Savings and Loan
A fee paid for the opportunity to use someone else's money ov…
Financial institutions owned by shareholders and operated for…
State-chartered financial institutions operated by trustees f…
Financial institutions that originally specialized in providi…
Interest
A fee paid for the opportunity to use someone else's money ov…
Commercial Bank
Financial institutions owned by shareholders and operated for…
24 terms
banking chapter 10
authority
benefits
board of directors
branch office
The power to affect or direct a situation or a worker's behav…
Services, privileges, or rights that an employer provides in…
A group of individuals elected by a bank's shareholders to re…
A banking facility that is not the bank's main location.
authority
The power to affect or direct a situation or a worker's behav…
benefits
Services, privileges, or rights that an employer provides in…
39 terms
Money and Banking Chapter 10
Checkable Deposits
Balance Sheet
Total Assets
Nontransaction Deposits
Bank accounts that allow the owner of the account to write ch…
List of a bank's assets and liabilities
Equal total liabilities + capital
Primary source of bank funds, include savings accounts and CDs
Checkable Deposits
Bank accounts that allow the owner of the account to write ch…
Balance Sheet
List of a bank's assets and liabilities
19 terms
Chapter 10 Money and Banking
Money market
Conditions to be money:
Main purpose of money
Functions of money (3)
the intermediary between individual households or firms who d…
it has to be widely accepted and relatively scarce.
facilitate exchange in markets
1. medium of exchange... 2. store of value... 3. a standing account…
Money market
the intermediary between individual households or firms who d…
Conditions to be money:
it has to be widely accepted and relatively scarce.
29 terms
money and banking chapter 10
balance sheet
discount loans
reserves
vault cash
a list of the assets and liabilities of a bank. total assets…
a bank's borrowing from the federal reserve system
banks holding of deposits in accounts with the fed plus curre…
currency physically held by banks and stored in vaults overni…
balance sheet
a list of the assets and liabilities of a bank. total assets…
discount loans
a bank's borrowing from the federal reserve system
32 terms
Economics Chapter 10 Banking
The FDIC insures all ______________.
An _____________ allows you to get mon…
A ____________ allows you to have acce…
___________________ were initially set…
Federal Banks
ATM (Automatic Teller Machine)
PIN (Personal Identification Number)
Mutual Savings Banks
The FDIC insures all ______________.
Federal Banks
An _____________ allows you to get mon…
ATM (Automatic Teller Machine)
31 terms
Money and Banking Chapter 10: Mishkin
Asset Management
Balance Sheet
Capital Adequacy Management
Compensating Balances
The acquisition of assets that have a low rate of default and…
A list of the assets and liabilities for a firm that balances…
A bank's decision about the amount of capital it should maint…
A required minimum amount of funds that a firm receiving a lo…
Asset Management
The acquisition of assets that have a low rate of default and…
Balance Sheet
A list of the assets and liabilities for a firm that balances…
32 terms
Economics Chapter 10 Money and Banking
money
medium of exchange
barter
unit of account
anything that serves as a medium of exchange, a unit of accou…
anything that is used to determine value during the exchange…
To exchange goods or services without the use of money
a means for comparing the values of goods and services
money
anything that serves as a medium of exchange, a unit of accou…
medium of exchange
anything that is used to determine value during the exchange…
22 terms
Chapter 10 Banking Terms
Interest
Commercial Banks
Mutual Savings banks
Savings and loans
A fee paid for the opportunity to use someone else's money fo…
Financial institutions owned by shareholders and operated for…
State- chartered financial institutions operated by trustees…
Financial institutions that originally specialized in providi…
Interest
A fee paid for the opportunity to use someone else's money fo…
Commercial Banks
Financial institutions owned by shareholders and operated for…
32 terms
Economics Chapter 10 Money and Banking
money
medium of exchange
barter
unit of account
anything that serves as a medium of exchange, a unit of accou…
anything that is used to determine value during the exchange…
To exchange goods or services without the use of money
a means for comparing the values of goods and services
money
anything that serves as a medium of exchange, a unit of accou…
medium of exchange
anything that is used to determine value during the exchange…
32 terms
Economics Chapter 10 Money and Banking
money
medium of exchange
barter
unit of account
anything that serves as a medium of exchange, a unit of accou…
anything that is used to determine value during the exchange…
To exchange goods or services without the use of money
a means for comparing the values of goods and services
money
anything that serves as a medium of exchange, a unit of accou…
medium of exchange
anything that is used to determine value during the exchange…
32 terms
Money, Banking, and Finance: Chapter 10
money
medium of exchange
barter
unit of account
anything that serves as a medium of exchange, a unit of accou…
anything that is used to determine value during the exchange…
the direct exchange of one set of goods or services for another
a means for comparing the values of goods and services
money
anything that serves as a medium of exchange, a unit of accou…
medium of exchange
anything that is used to determine value during the exchange…
29 terms
Money & Banking: Chapter 10
Deposits
Loans
Asset
Liability
A bank's primary sources of funds
A bank's primary uses of funds.... - Illiquid relative to marke…
Something of value that an individual or a firm owns; in part…
Something that an individual or a firm owes, particularly a f…
Deposits
A bank's primary sources of funds
Loans
A bank's primary uses of funds.... - Illiquid relative to marke…
34 terms
money and banking chapter 10
balance sheet
asset
liabilities
bank capital
a list of the assets and liabilities of a bank (or firm) that…
a financial claim or piece of property that is a store of val…
IOUs or debt
total assets - total liabilities
balance sheet
a list of the assets and liabilities of a bank (or firm) that…
asset
a financial claim or piece of property that is a store of val…
54 terms
Money and banking chapter 10
Deposits
Loans
Balance sheet
Bank sources of funds
source of bank funds
what bank do with their funds
shows and individuals or firm's financial position on a parti…
also known as liabilities or bank capital, accumulated throug…
Deposits
source of bank funds
Loans
what bank do with their funds
52 terms
Money and Banking Chapter 10
Balance Sheet
Total Assets Formula
Liabilities
Checkable Deposits
A financial statement that reports assets, liabilities, and o…
Total Liabilities + Capital
banks acquired funds from issued liabilities such as deposits…
bank accounts that allow the owner to write checks to third p…
Balance Sheet
A financial statement that reports assets, liabilities, and o…
Total Assets Formula
Total Liabilities + Capital
11 terms
Econ-Chapter 10 Money and Banking
money supply
money
liquidity
credit card
all the money available in the United States economy
anything that serves as a medium of exchange, a unit of accou…
the ability to be used as, or directly converted into, cash
a card entitling its owner to buy goods and services based on…
money supply
all the money available in the United States economy
money
anything that serves as a medium of exchange, a unit of accou…
25 terms
Econ. - Chapter 10 - Money and Banking
money
medium of exchange
barter
unit of account
anything that serves as a medium of exchange, a unit of accou…
anything that is used to determine value during the exchage o…
the direct exchage of one set of goods or sevices for another
a means for comparing the values of goods and services; compa…
money
anything that serves as a medium of exchange, a unit of accou…
medium of exchange
anything that is used to determine value during the exchage o…
31 terms
Chapter 10-Money and Banking:
money
medium of exchange
barter
unit of account
anything that serves as a medium of exchange, a unit of accou…
anything that is used to determine value during the exchange…
the direct exchange of one set of goods or services for another
a means for comparing the values of goods and services
money
anything that serves as a medium of exchange, a unit of accou…
medium of exchange
anything that is used to determine value during the exchange…
28 terms
Consumer Ed. Chapter 10 - Banking
wire transfer
cashier's check
prepaid card
certified check
A financial transaction that electronically moves funds from…
A check issued and guaranteed by a bank.
A card sold in a specific dollar amount that can be used to p…
A check from a personal checking account that has been stampe…
wire transfer
A financial transaction that electronically moves funds from…
cashier's check
A check issued and guaranteed by a bank.
53 terms
Chapter 10: Money & Banking
Money
Medium of Exchange
Barter
The 3 uses of Money
Anything that serves as a medium of exchange, a unit of accou…
Anything that is used to determine value during the exchange…
The direct exchange of one set of goods or service for another.
1. Medium of Exchange... 2. Store of Value... 3. Unit of Account
Money
Anything that serves as a medium of exchange, a unit of accou…
Medium of Exchange
Anything that is used to determine value during the exchange…
17 terms
Chapter 10: Money and Banking
aggregate demand
business cycle
classical economists
compensation
the demand for all goods and services in the economy at a giv…
the short-term movement of output and other key economic vari…
economists who believe that the economy will return to equili…
wages and salaries plus benefits earned by workers
aggregate demand
the demand for all goods and services in the economy at a giv…
business cycle
the short-term movement of output and other key economic vari…
17 terms
Money & Banking Chapter 10
Balance sheet
Asset
Shareholder's equity (net worth)
Bank Capital (shareholder's equity in…
a statement that shows an individual's or a firm's financial…
Something of value that an individual or a firm owns; in part…
Firm's Assets - Firm's Liabilities. Represents the dollar amo…
Bank's assets - Bank's liabilities. The funds contributed by…
Balance sheet
a statement that shows an individual's or a firm's financial…
Asset
Something of value that an individual or a firm owns; in part…
32 terms
Chapter 10 Money and Banking
money
medium of exchange
barter
unit of account
anything that serves as a medium of exchange, a unit of accou…
anything that is used to determine value during the exchage o…
the direct exchage of one set of goods or sevices for another
a means for comparing the values of goods and services; compa…
money
anything that serves as a medium of exchange, a unit of accou…
medium of exchange
anything that is used to determine value during the exchage o…
38 terms
Chapter 10 Vocabulary Money and Banking McGraw HIll
barter economy
commodity money
fiat money
Federal Reserve System (Fed)
a moneyless economy that relies on trade
money that has an alternative use as an economic good--corn,…
money by government decree
privately owned, publically controlled, central bank of the U…
barter economy
a moneyless economy that relies on trade
commodity money
money that has an alternative use as an economic good--corn,…
17 terms
Money & banking chapter 10
Money
Medium of exchange
Unit of account
Store of value
Anything that serves as a medium of exhcnsge, a unit of accou…
Anything thy is used to determine value during the exchange o…
Means for comparing the values of goods and services; compari…
Something that keeps its balue if it is stored tather than us…
Money
Anything that serves as a medium of exhcnsge, a unit of accou…
Medium of exchange
Anything thy is used to determine value during the exchange o…
31 terms
Money and banking chapter 10
A decline in the Index of Supplier Del…
A short-run aggregate supply curve sho…
A supply shock does not occur when:
Aggregate supply is the relationship b…
slowdown; slowdown
prices; output
the Fed increases the money supply.
the quantity of goods and services supplied and the price level
A decline in the Index of Supplier Del…
slowdown; slowdown
A short-run aggregate supply curve sho…
prices; output
19 terms
Chapter 10 Money & Banking
money
medium of exchange
barter
standard of value
anything that people will accept in exchange for goods and se…
a means through which goods and services can be exchanged
the exchange of goods and services without using money
determines the economic worth in the exchange process
money
anything that people will accept in exchange for goods and se…
medium of exchange
a means through which goods and services can be exchanged
27 terms
Banking Chapter 10 Study Guide
Information Security Program
By protecting customer's information a…
Something the user knows:
Something the user has:
A plan for ensuring that data and technology systems are not…
"peace of mind"
password or PIN
ATM card, smart card, or security token
Information Security Program
A plan for ensuring that data and technology systems are not…
By protecting customer's information a…
"peace of mind"
15 terms
money & banking chapter 10
bank run
suspension of payments
bank panic
deposit insurance
sudden, large withdrawals by depositors who lose confidence i…
refusal by a bank to allow withdrawals by depositors
simultaneous runs at many individual banks
government guarantee to compensate depositors for their loses…
bank run
sudden, large withdrawals by depositors who lose confidence i…
suspension of payments
refusal by a bank to allow withdrawals by depositors
86 terms
Money & Banking Chapter 10
Commercial Banking Activities
Bank's primary source of funds
Bank's primary use of funds
Balance Sheet
taking in deposits from savers and making loans to households…
deposits
loans
statement that shows an individual's or firm's financial posi…
Commercial Banking Activities
taking in deposits from savers and making loans to households…
Bank's primary source of funds
deposits
46 terms
Chapter 10 Money & Banking
Automated Teller Machines (ATM's)
Automatic Clearing Houses (ACH's)
Bank
Bank run
...
...
An institution for recieveing, keeping , and lending of money
Widespread panic in which great numbers of people try to rede…
Automated Teller Machines (ATM's)
...
Automatic Clearing Houses (ACH's)
...
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