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Study sets matching "economics chapter 10 money banking"

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
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…
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…
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.
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…
35 terms
Economics 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
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…
8 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…
35 terms
Economics 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
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…
35 terms
Economics 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
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…
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
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…
40 terms
Economics Chapter 10 Money and Banking
Money
Medium of Exchange
Barter
Unit of Account
anything that serves as a medium of exchange
anything that is used to determine value during the exchange…
the direct exchange of one set of goods or services for another
a way to compare the values of gods and services
Money
anything that serves as a medium of exchange
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…
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…
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…
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…
32 terms
Economic 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…
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…
38 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…
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…
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…
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…
31 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…
31 terms
Economics Chapter 10 (Money and Banking)
money
functions of money
value of money
type of money in US today
anything accepted for payment of g/s
medium of exchange... standard of value... store of value
purchasing power
fiat money
money
anything accepted for payment of g/s
functions of money
medium of exchange... standard of value... store of value
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…
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…
31 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…
31 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…
31 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…
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…
42 terms
Economics Chapter 10 Money & 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
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…
45 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 acco…
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 acco…
Medium of Exchange
anything that is used to determine value during the exchange…
30 terms
Money and Banking - Chapter 10 - 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 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…
14 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…
15 terms
Chapter 10 Money and Banking (Economics)
Barter
Currency
Commodity Money
Representative Money
The direct exchange of one set of goods or services for anoth…
Coins and paper bills used as money.
Objects that have value in themselves and that are also used…
Objects that have value because the holder can exchange them…
Barter
The direct exchange of one set of goods or services for anoth…
Currency
Coins and paper bills used as money.
101 terms
Economics Chapter 10: Money & Banking
Bureau of Engraving and Printing (BE&P)
Approximately what percent of notes pr…
What percent of notes printed are $1 n…
The first paper currency issued by the…
Produces approximately 25 million notes per day with a face v…
95%
45%
1861
Bureau of Engraving and Printing (BE&P)
Produces approximately 25 million notes per day with a face v…
Approximately what percent of notes pr…
95%
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…
17 terms
Money and Banking Chapter 10 Economics Vocabulary
Money
medium of exchange
barter
standard of value
anything that people will accept as payment for goods and ser…
the benefit gained from using one more unit of a good or serv…
the exchange of goods and services without using money
the yardstick of economic worth in the exchange process
Money
anything that people will accept as payment for goods and ser…
medium of exchange
the benefit gained from using one more unit of a good or serv…
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…
8 terms
Economics 4200 Money & Banking: Chapter 10
Moral Hazard
Adverse Selection
"Too Big to Fail"
Attempts to restrict financial institu…
- Depositors do not impose discipline of marketplace... - Financ…
- Risk-lovers find banking attractive... - Depositors have littl…
- Government provides guarantees of repayment to large uninsu…
Bank regulations:... - Promote diversification... - Prohibit holdin…
Moral Hazard
- Depositors do not impose discipline of marketplace... - Financ…
Adverse Selection
- Risk-lovers find banking attractive... - Depositors have littl…
15 terms
Economics Chapter 10, Money And Banking Vocabulary
Federal Deposit Insurance Corporation…
Federal Reserve system
Fiat money
fractional reserve banking
the government agency that insures customer deposits if a ban…
the nation's central banking system
money that has value because the government has ordered that…
a banking system that keeps only a fraction of funds on hand…
Federal Deposit Insurance Corporation…
the government agency that insures customer deposits if a ban…
Federal Reserve system
the nation's central banking system
11 terms
Economics-Chapter 10 terms: Money & Banking
Money
Unit of Account
Store of value
Commodity Money
Anything that serves as a medium of exchange, a unit of accou…
A means for comparing the values of goods and services
Something that keeps value if it is stored rather than used
Objects that have value in themselves as well as for use as m…
Money
Anything that serves as a medium of exchange, a unit of accou…
Unit of Account
A means for comparing the values of goods and services
43 terms
Economics Chapter 10 Banking - Money and Financial Institutions
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)
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…
25 terms
Economics - Chapter 10 (Money, Banking, and the Federal Reserve System)
Barter System
Transaction costs
Money
Medium of Exchange
An economy in which trades are made in goods and services ins…
The costs associated with the time and effort negotiate, and…
A good that is widely accepted for purposes of exchange and i…
Anything that is generally acceptable in exchange for goods a…
Barter System
An economy in which trades are made in goods and services ins…
Transaction costs
The costs associated with the time and effort negotiate, and…
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,…
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…
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…
29 terms
Economics Test (Chapter 10: Money and Banking Unit)
this is any object that is used as a m…
these are items used for some but not…
money that has value because the gover…
objects that have value because the ho…
money
near money
fiat money
representative money
this is any object that is used as a m…
money
these are items used for some but not…
near money
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