How can we help?

You can also find more resources in our Help Center.

Study sets matching "banking economics money"

Study sets
Classes
Users

Study sets matching "banking economics money"

53 terms
ECONOMICS TEST - Money and Banking
Parts of a check... 1 - Date Area - Date…
Store of Value... Medium of Exchange... Meas…
Tobacco
Portable... Durable... Divisible
Functions of Money
Example of a commodity money.
Characteristics of Money
Parts of a check... 1 - Date Area - Date…
Store of Value... Medium of Exchange... Meas…
Functions of Money
26 terms
Economics Money and Banking
What was the reason why the Federal Re…
FIll in the blank: Before the Civil Wa…
What are the three functions of money?
Who were the two men that organized ou…
Panic of 1907
2
1. Unit of accounting... 2. Helps keep financial records... 3. Stor…
Benjamin Franklin and Alexander Hamilton
What was the reason why the Federal Re…
Panic of 1907
FIll in the blank: Before the Civil Wa…
2
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…
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…
37 terms
Economics Chapter 11-Money and Banking
barter economy
money
medium of exchange
measure of value
system in which one set of goods or services is exchanged for…
wealth reckoned in terms of money, the most common medium of…
anything that is generally accepted as a standard of value an…
a common denominator that can be used to express worth in ter…
barter economy
system in which one set of goods or services is exchanged for…
money
wealth reckoned in terms of money, the most common medium of…
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…
25 terms
Money and Banking Economics
Medium of Exchange
Unit of Account
Store of Value
Currency
anything used to determine value of goods/services
anything to compare values of goods/services
keeps its value during storage, but vulnerable to inflation a…
coins and paper money most commonly meets all 6 characteristi…
Medium of Exchange
anything used to determine value of goods/services
Unit of Account
anything to compare values of goods/services
10 terms
Civics - Economics, Money, & Banking
Bartering
Why does money work for trade?
Why did Confederate money lose its val…
Name 6 characteristics of U.S. money
trading goods and services... some countries still use bartering…
our government endorses or supports it
the south lost sovereignty and Confederate money lost its value
1 - accepted around the world... 2 - can be counted and measured…
Bartering
trading goods and services... some countries still use bartering…
Why does money work for trade?
our government endorses or supports it
22 terms
Money, Banking, & Economic Security
Demand deposits
Fractional reserve banking
Reserve ratio
Near monies
checking accounts held by the public at commercial banks
when banks hold onto a percentage of depositors' money and th…
the percentage of total deposits held in reserve by a bank
assets that can easily be converted into cash
Demand deposits
checking accounts held by the public at commercial banks
Fractional reserve banking
when banks hold onto a percentage of depositors' money and th…
13 terms
economics banking and money
Money (definition)
What are the three uses of money?
money as a medium of exchange
money as a unit of account
money is anything that serves as a medium of exchange, a unit…
-money as medium of exchange... -money as a unit of account... -mon…
anything that is used to determine value during the exchange…
a unit of account is a means for comparing the values of good…
Money (definition)
money is anything that serves as a medium of exchange, a unit…
What are the three uses of money?
-money as medium of exchange... -money as a unit of account... -mon…
29 terms
HKDSE Economics - 8 - Money and Banking
Money
Money as a medium of exchange
Money as a unit of account
Money as a store of value
It is anything accepted as a medium of exchange.
It is an item used to pay for goods and services.
It is a yardstick to express prices of goods or services.
It is an item to transfer purchasing power from the present t…
Money
It is anything accepted as a medium of exchange.
Money as a medium of exchange
It is an item used to pay for goods and services.
48 terms
Economic banking, money, credit
SUM
PUDDAL
What is a bank used for
Advantage of electronic banking
Store of value... Unit of account ... Medium of exchange
Portability... Uniformity... Durability... Diversity ... Acceptability... Li…
Saving money: savings act, certification of deposit... Storing m…
Convenience... Ubiquity: everywhere... Efficiency... Effectiveness
SUM
Store of value... Unit of account ... Medium of exchange
PUDDAL
Portability... Uniformity... Durability... Diversity ... Acceptability... Li…
24 terms
Economics Money, Banking, and the Fed
representative money
commodity
federal reserve
credit
an item that is valuable because it can be exchanged for some…
precious metals such as gold or silver are examples of this t…
role is to hold cash reserves, supervise member banks, and mo…
this allows consumers to use items before completing payment…
representative money
an item that is valuable because it can be exchanged for some…
commodity
precious metals such as gold or silver are examples of this t…
38 terms
Economics Chapter 11 - Money and Banking
Barter Economy
Money
Medium of Exchange
Measure of Value
A moneyless economy that relies on trade.
Any substance that serves as a medium of exchange, a measure…
Something accepted by all parties as payment for goods and se…
A common denominator that can be used to express worth in ter…
Barter Economy
A moneyless economy that relies on trade.
Money
Any substance that serves as a medium of exchange, a measure…
30 terms
Economics - Money and Banking
Commodity money
Fist money
Fractional banking
What is a metallic standard
Money whose value comes from s commodity of which is made
Currency that a government has declared to be legal tender, b…
Baking system in which only a fraction of bank deposits are b…
Monetary system in which a government recognized coins compos…
Commodity money
Money whose value comes from s commodity of which is made
Fist money
Currency that a government has declared to be legal tender, b…
42 terms
Lau Economics Money and Banking
three functions of money
group that meets to discuss the use of…
value of base year CPI
two actions carried out by the Deposit…
medium of exchange, measure of value, store of value
federal open market commitee
100
phase out regulation Q, allowed banks to buy stock
three functions of money
medium of exchange, measure of value, store of value
group that meets to discuss the use of…
federal open market commitee
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…
71 terms
Economics- Money and Banking
money
barter
commodity money
representative money
anything that people will accept as payment for goods and ser…
the exchange of goods and services without using money
money that has intrinsic value based on the material from whi…
paper money that is backed by something tangible
money
anything that people will accept as payment for goods and ser…
barter
the exchange of goods and services without using money
17 terms
Economics- Chapter 10- Money and Banking
money
medium of exchange
barter
standard of value
is anything that people will accept in exchange for goods and…
is a means through which goods and services can be exchanged.
is the exchange of goods and services without using money.
determines the economic worth in the exchange process.
money
is anything that people will accept in exchange for goods and…
medium of exchange
is a means through which goods and services can be exchanged.
28 terms
Economics Money & Banking
Secure... Comfortable... Wealthy
Networth... High income ... Inheritance ... Cas…
assets minus liabilities
appreciate
Three types of financial planning
Four types of Millionaires
What is networth?
Assets that go up in value
Secure... Comfortable... Wealthy
Three types of financial planning
Networth... High income ... Inheritance ... Cas…
Four types of Millionaires
24 terms
Economics money and banking
Barter economy
Medium of exchange ... Measure of value…
Monetary standards
State banks
Moneyless economy that relys on trade
3 Functions of money
The mechanism designed to keep the money supply portable, dur…
Banks that received their charter to operate from states.... Iss…
Barter economy
Moneyless economy that relys on trade
Medium of exchange ... Measure of value…
3 Functions of money
18 terms
Economics : Money & Banking
Three Functions of Money
Barter
Commodity Money
Specie Money
1.) Medium of Exchange... 2.) Store of Value... 3.) Standard of Value
Old fashioned method of spending. Trading what you have for w…
Type of money that has real value. Anything that people are w…
Type of Commodity, that means anything made out of gold or si…
Three Functions of Money
1.) Medium of Exchange... 2.) Store of Value... 3.) Standard of Value
Barter
Old fashioned method of spending. Trading what you have for w…
13 terms
economics money and banking
coin
currency
commercial bank
credit union
metallic form of money such as pennies, nickels, and dimes
both coins and paper money
a financial institution that offers full banking services to…
nonprofit service cooperative that accepts deposits, makes lo…
coin
metallic form of money such as pennies, nickels, and dimes
currency
both coins and paper money
43 terms
Economics: Money abd Banking
Money: Function 1
Money: Function 2
Money: Function 3
Durability
-Medium of exchange ... -a means which goods and services can be…
-Standard of value... -determined the economic worth when goods…
-Store of Value... -The quality of holding value over a period o…
Money should be sturdy enough to be handled through transacti…
Money: Function 1
-Medium of exchange ... -a means which goods and services can be…
Money: Function 2
-Standard of value... -determined the economic worth when goods…
24 terms
Economics Money, Banking, and the FED
Representative Money
Portability
Twelve
Limited
An item that is valuable because it can be exchanged for some…
This characteristic of money means that people can take it wi…
The Federal Reserve is made up of this many district banks.
A ____ supply of money means that the FED is able to keep jus…
Representative Money
An item that is valuable because it can be exchanged for some…
Portability
This characteristic of money means that people can take it wi…
12 terms
Economics Chapter 11 - Money and Banking
Barter Economy
Money
Medium of Exchange
Measure of Value
A moneyless economy that relies on trade.
Any substance that serves as a medium of exchange, a measure…
Something accepted by all parties as payment for goods and se…
A common denominator that can be used to express worth in ter…
Barter Economy
A moneyless economy that relies on trade.
Money
Any substance that serves as a medium of exchange, a measure…
19 terms
Economics Chapter 14 Money and Banking
money
medium of exchange
barter
unit of accounting
anything customarily used as a medium of exchange, a unit of…
use of money for exchange for goods and services
exchange of goods and services for other goods and services
use of money as a yardstick for comparing the values of goods…
money
anything customarily used as a medium of exchange, a unit of…
medium of exchange
use of money for exchange for goods and services
32 terms
Economics: money, banking, and finance
Money
What are the three uses of money?
Medium of exchange
Barter
A concept; a human creation in order to placea value on things
1. Medium of exchange... 2. Unit of account... 3. Store of value
A use for money... Anything that is used to determine value dur…
When you exchange goods and services to receive goods and ser…
Money
A concept; a human creation in order to placea value on things
What are the three uses of money?
1. Medium of exchange... 2. Unit of account... 3. Store of value
18 terms
Economics Chapter 14 - Money and Banking
Money
Medium of Exchange
Barter
Unit of Accounting
Anything customarily used as a medium of exchange, a unit of…
Use of money in exchange for goods or services
Exchange of goods and services for other goods and services
Use of money as a yardstick for comparing the values of goods…
Money
Anything customarily used as a medium of exchange, a unit of…
Medium of Exchange
Use of money in exchange for goods or services
14 terms
Economics Vocab - Money and Banking
Money
Medium of Exchange
Unit of Account
Store of Value
a good that is widely accepted for purposes of exchange and i…
Anything that is generally acceptable in exchange for goods a…
A common measurement used to express values (ex. Dollars $)
Something with the ability to hold value over time
Money
a good that is widely accepted for purposes of exchange and i…
Medium of Exchange
Anything that is generally acceptable in exchange for goods a…
68 terms
Money and Banking Economics
Financial markets promote greater econ…
Markets in which funds are transferred…
The bond markets are important because…
The price paid for the rental of borro…
savers; borrowers
financial markets.
the markets where interest rates are determined
interest rate.
Financial markets promote greater econ…
savers; borrowers
Markets in which funds are transferred…
financial markets.
Economics Money and Banking Vocab
money
medium of exchange
barter
unit of accounting
anything customarily used as a medium of exchange, store of v…
use of money in exchange for goods or services
exchange of goods and services for other goods and services
use of money as a yardstick for comparing the values of goods…
money
anything customarily used as a medium of exchange, store of v…
medium of exchange
use of money in exchange for goods or services
Money & Banking Economics
Barter Exchange
Monetized Exchange
Money
Fiat Money
Transfer of products without a medium
more efficient, and reduces overall cost
anything that is generally acceptable as medium exchange
Legal tender mandated by government
Barter Exchange
Transfer of products without a medium
Monetized Exchange
more efficient, and reduces overall cost
46 terms
Economics- Money and Banking Test
medium of exchange, standard of value,…
medium of exchange
barter
standard of value
functions of money
means through which goods and services can be exchanged; barter
exchanging goods and services without use of currency (money)
determines the economic worth when goods and services are exc…
medium of exchange, standard of value,…
functions of money
medium of exchange
means through which goods and services can be exchanged; barter
53 terms
Economics- money and banking
What act defined the dollars as being…
What is the maximum amount protected b…
If income increases what happens to th…
A term used for gold or silver coins
Gold Standard Act of 1900
$250,000
Cash increases
Species
What act defined the dollars as being…
Gold Standard Act of 1900
What is the maximum amount protected b…
$250,000
75 terms
Economics: Money and Banking
To make money
Invest money in stocks, loans and inte…
Services/labor, credit card, Bitcoin,…
Commodity money, goods are the money,…
Why banks exist
How banks make money
How people pay for things today
Barter economy
To make money
Why banks exist
Invest money in stocks, loans and inte…
How banks make money
23 terms
Economics quiz: Money and banking
Money
Currency
Commodity money
Representative money
Anything that servces as a medium of exchange, a unit of acco…
Coins and paper bills used as money
Objects that have values in and of themselves and also used i…
Objects that have a value because the holder can exchange the…
Money
Anything that servces as a medium of exchange, a unit of acco…
Currency
Coins and paper bills used as money
17 terms
Economics Money and Banking
three functions of money
what does medium of exchange mean?
what does unit for accounting mean?
what does store of value mean?
medium of exchange, unit for accounting, store of value
both seller and buyer will accept it for goods and services
ounce, pound, kilo, dollar
holds value except in periods of rapid inflation
three functions of money
medium of exchange, unit for accounting, store of value
what does medium of exchange mean?
both seller and buyer will accept it for goods and services
23 terms
economics money and banking
A demand deposit is money that is where?
Banks that belong to the Federal Reser…
If the nominal rate of interest charge…
In what year was the Federal Reserve S…
deposited in a checking account
member
4%
1913
A demand deposit is money that is where?
deposited in a checking account
Banks that belong to the Federal Reser…
member
34 terms
economics - money and banking
medium of exchange
barter
unit of account
store of value
anything used to determine value during the exchange of goods…
direct exchange of one set of goods or services for another
unit of measure (money) that compares value of goods and serv…
money keeps its value if you decide to save it instead of spe…
medium of exchange
anything used to determine value during the exchange of goods…
barter
direct exchange of one set of goods or services for another
16 terms
Economic money and banking
Barter economy
Example of barter economy
Difficulties of bartering economy
Money
Money less ecomony reliant on trade
Trading post
Coincidence of once, exchange rates
ANYTHING generally accepted as a medium of exchange
Barter economy
Money less ecomony reliant on trade
Example of barter economy
Trading post
12 terms
Economics Money, Banking, Finance
What is money?
Three Functions of Money
Physical Characteristics of money
Economic Characteristics of money
Money is anything people will accept in exchange for goods an…
1.) Medium of Exchange... 2.) Store of Value... 3.) Standard of value
Durable: lasts through many transactions... Portable: easy to ca…
Stability of value: amount of goods/ services bought with a c…
What is money?
Money is anything people will accept in exchange for goods an…
Three Functions of Money
1.) Medium of Exchange... 2.) Store of Value... 3.) Standard of value
24 terms
Economics Money, Banking and the FED
Representative Money
Portability
Twelve
Limited
An item that is valuable because it can be exchanged for some…
This characteristic of money means that people can take it wi…
The Federal Reserve is made up of this many district banks.
A ____ supply of money means that the FED is able to keep jus…
Representative Money
An item that is valuable because it can be exchanged for some…
Portability
This characteristic of money means that people can take it wi…
27 terms
Economics: Money and Banking
Barter system
Federal reserve system
Principle
Interest
The direct exchange of one set of goods or services for another
The nations central banking system
The amount of money borrowed
The price paid for the use of borrowed money
Barter system
The direct exchange of one set of goods or services for another
Federal reserve system
The nations central banking system
61 terms
Economics: Banking and Money
money
money
barter system
medium of exchange
anything that most people are willing to accept in payment fo…
____ solves the problem of the barter system
exchanging one good or service that you have for another good…
money provides a ________
money
anything that most people are willing to accept in payment fo…
money
____ solves the problem of the barter system
51 terms
Money and Banking Economic Activity
Gross Domestic Product
Value
Final
Intermediate good
The value of all final goods and services produced within a n…
GDP measures the _______ of goods and services, not just the…
GDP only includes ________ goods and services that are purcha…
Four tires are purchased by the auto manufacturer for use in…
Gross Domestic Product
The value of all final goods and services produced within a n…
Value
GDP measures the _______ of goods and services, not just the…
26 terms
Economics Money and Banking
Panic of 1907
How many national banks did we have be…
Who were the two men that organized ou…
3 functions of money
Reason why federal reserve act was passed
2
Franklin and Hamilton
Medium of exchange, unit of accounting, store of value
Panic of 1907
Reason why federal reserve act was passed
How many national banks did we have be…
2
9 terms
Economics - Money and Banking
Money
Medium of Exchange
Unit of Account
Store Value
Anything that serves as a medium of exchange, a unit of accou…
Money is used to determine value during the exchange of goods…
Money provides the means for comparing values of goods and se…
Money keeps its value if you decide to hold onto it or store…
Money
Anything that serves as a medium of exchange, a unit of accou…
Medium of Exchange
Money is used to determine value during the exchange of goods…
13 terms
Economics: Money, Banking, and Investments
Functions of Money
6 Characteristics of Money
Commodity Money
Representative Money
1) Medium of Exchange... 2) Unit of Account... 3) Store of Value
1)durability... 2)portability... 3) divisibility ... 4) uniformity... 5)…
Objects used as $$ that have value in and of themselves ... EX:…
Objects that have value because you can exchange them for som…
Functions of Money
1) Medium of Exchange... 2) Unit of Account... 3) Store of Value
6 Characteristics of Money
1)durability... 2)portability... 3) divisibility ... 4) uniformity... 5)…
1 of 10