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Study sets matching "economics money banking federal"

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Study sets matching "economics money banking federal"

28 terms
Economics - Money, Banking & the Federal Reserve
What is money?
What is currency?
What is a check?
What are three functions of money?
Money is anything that is generally accepted as a medium of e…
Coins and paper money
a written order to pay money from amounts deposited
1. As a medium of exchange - it is legal tender and accepted…
What is money?
Money is anything that is generally accepted as a medium of e…
What is currency?
Coins and paper money
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…
23 terms
Money, Banking and The Federal Reserve
The Federal Reserve
Open Market Operations
Reserve Requirement
Discount Rate
U.S. Central Bank; Purpose: to control the supply of credit a…
The buying and selling of Treasury Securities (Bonds) by the…
the percentage of deposits that banking institutions must hol…
interest rate that the Fed charges for loans to member banks
The Federal Reserve
U.S. Central Bank; Purpose: to control the supply of credit a…
Open Market Operations
The buying and selling of Treasury Securities (Bonds) by the…
44 terms
Economics Chapter 14: Money, Banks, and the Federal Reserve System
Money
Asset
Barter
Commodity Money
Any asset that people are generally willing to accept in exch…
Anything of value owned by a person or a firm
Trading goods and services directly for other goods and servi…
Goods used as money that also have value independent of their…
Money
Any asset that people are generally willing to accept in exch…
Asset
Anything of value owned by a person or a firm
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
35 terms
Economics - Ch 29 - Money, Banking and the Federal Reserve System
Money
Currency in Circulation
Checkable Bank Deposts
Money Supply
is an asset that can easily be used to purchase goods and ser…
is cash held by the public
are bank accounts on which people can write checks
is the total value of financial assets in the economy that ar…
Money
is an asset that can easily be used to purchase goods and ser…
Currency in Circulation
is cash held by the public
18 terms
Money, Banking, and the Federal Reserve
money
characteristics of money
types of money
commodity money
medium of exchange accepted by seller, unit of accounting, st…
durable, portable, divisible, stable value, scarce, accepted
commodity money, representative money, fiat money, legal tender
medium of exchange as a good and money; Ex: sheep, diamonds
money
medium of exchange accepted by seller, unit of accounting, st…
characteristics of money
durable, portable, divisible, stable value, scarce, accepted
23 terms
Money, Banking and The Federal Reserve
The Federal Reserve
Open Market Operations
Reserve Requirement
Discount Rate
U.S. Central Bank; Purpose: to control the supply of credit a…
The buying and selling of Treasury Securities (Bonds) by the…
the percentage of deposits that banking institutions must hol…
interest rate that the Fed charges for loans to member banks
The Federal Reserve
U.S. Central Bank; Purpose: to control the supply of credit a…
Open Market Operations
The buying and selling of Treasury Securities (Bonds) by the…
14 terms
MacroEconomics 15.5 Fractional Reserve Banking, the Federal Reserve, and the Money
Loans to a private company are ASSETS.…
The Federal Reserve purchases ​$10 mil…
Consider the following items on a comm…
Which of the following statements is t…
...
excel
...
Banks maintain a fraction of deposits on hand to meet the dai…
Loans to a private company are ASSETS.…
...
The Federal Reserve purchases ​$10 mil…
excel
16 terms
Money, Banking and Federal Reserve
Barter Economy
Transaction Costs
Why Money?
Money
An economy with no money; goods and services are exchanged fo…
The time and effort you have to spend to make an exchange
Certain goods were more accepted to grade than others. Over t…
A good that is accepted in exchange for goods, services and d…
Barter Economy
An economy with no money; goods and services are exchanged fo…
Transaction Costs
The time and effort you have to spend to make an exchange
47 terms
Money, Banks, and the Federal Reserve
What is money?
Functions of money
medium of exchange
unit of account
Money is anything acceptable to sellers of goods and services
medium of exchange... unit of account ... store of value
something that is acceptable to sellers in exchange for their…
A standard unit that provides a consistant way of quoting pri…
What is money?
Money is anything acceptable to sellers of goods and services
Functions of money
medium of exchange... unit of account ... store of value
Money, Banks, Federal Reserve
Federal Reserve
Monetary policy
The Federal Reserve System
Money
The central bank of the United States
Policies enacted by a central bank to achieve macroeconomic g…
-Board of Governors (7)... -12 regional Fed banks (1 president f…
Assets that are generally accepted in exchange for goods and…
Federal Reserve
The central bank of the United States
Monetary policy
Policies enacted by a central bank to achieve macroeconomic g…
28 terms
Money, Banking and the Federal Reserve
In economics, how is money defined?
What is one of the most important bene…
What function of money is represented…
Which function of money would be viola…
Anything acceptable for exchange of goods and services
It's easier to exchange and buy things we can't make
Unit of Accounting (a measure by which prices are expressed)
Store of value (or purchasing power)
In economics, how is money defined?
Anything acceptable for exchange of goods and services
What is one of the most important bene…
It's easier to exchange and buy things we can't make
28 terms
Money, Banking and the Federal Reserve
In economics, how is money defined?
What is one of the most important bene…
What function of money is represented…
Which function of money would be viola…
Anything acceptable for exchange of goods and services
It's easier to exchange and buy things we can't make
Unit of Accounting (a measure by which prices are expressed)
Store of value (or purchasing power)
In economics, how is money defined?
Anything acceptable for exchange of goods and services
What is one of the most important bene…
It's easier to exchange and buy things we can't make
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…
25 terms
Economics- Federal Reserve, Banking, Agencies
Financial Institutions
Types of Financial Institutions
Loans
Deposits
act as financial intermediaries between savers and borrowers…
Banks... Savings and Loans... Credit Unions... Securities Brokerages
bank's sell saver's money to borrowers which they are charged…
putting your money in the bank... *encourage savings by paying…
Financial Institutions
act as financial intermediaries between savers and borrowers…
Types of Financial Institutions
Banks... Savings and Loans... Credit Unions... Securities Brokerages
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
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
The Economics of Money, Banking, and Financial Markets Chapter 13: Central Banks and the Federal Reserve System
Board of Governors of the Federal Rese…
easing of monetary policy
federal funds rate
Federal Open Market Committee (FOMC)
A board with seven governors (including the chair) that plays…
The lowering of federal funds rate
The interest rate on overnight loans of deposits at the Feder…
The committee that makes decisions regarding the conduct of o…
Board of Governors of the Federal Rese…
A board with seven governors (including the chair) that plays…
easing of monetary policy
The lowering of federal funds rate
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…
35 terms
Money, Banking, and the Federal Reserve System
money
currency in circulation
checkable bank deposits
medium of exchange
any asset that can easily be used to purchase goods and servi…
cash held by the public
the total value of financial assets in the economy that are c…
an asset that individuals acquire for the purpose of trading…
money
any asset that can easily be used to purchase goods and servi…
currency in circulation
cash held by the public
39 terms
Economics - The Federal Reserve Bank
Monetary Policy
Fiscal Policy
Inflation
Demand-Pull Inflation
The Fed influences the flow of money and credit to foster sta…
Congress and the president influence the business cycle throu…
If the average level of prices rises over a period of time
When the price levels rise because of a high demand
Monetary Policy
The Fed influences the flow of money and credit to foster sta…
Fiscal Policy
Congress and the president influence the business cycle throu…
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…
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…
35 terms
Money, Banking, and the Federal Reserve System
money
currency in circulation
checkable bank deposits
medium of exchange
any asset that can easily be used to purchase goods and servi…
cash held by the public
the total value of financial assets in the economy that are c…
an asset that individuals acquire for the purpose of trading…
money
any asset that can easily be used to purchase goods and servi…
currency in circulation
cash held by the public
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.
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…
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…
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…
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
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
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…
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
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
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…
21 terms
Money, Banking, and the Federal Reserve System
double coincidence of wants
money
commodity money
fiat money
for a barter trade to take place between two people, each per…
anything of value owned by a person or firm that people are g…
a good used as money that also has a value independent of its…
does not have any value besides generally accepted as payment…
double coincidence of wants
for a barter trade to take place between two people, each per…
money
anything of value owned by a person or firm that people are g…
20 terms
Econ: money, banking, and the federal reserve
In economics, how is money defined?
What is one of the most important bene…
What function of money is represented…
Which function of money would be viola…
anything that is accepted as having value; an exchange for go…
makes it easier to do business; makes exchange easier; leads…
unit of accounting
store of value (purchasing power)
In economics, how is money defined?
anything that is accepted as having value; an exchange for go…
What is one of the most important bene…
makes it easier to do business; makes exchange easier; leads…
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…
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
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…
23 terms
Money & Banking/Federal Reserve System
Board of Governors
Federal Open Market Committee(FOMC)
Open Market Operations
Monetary Policy
The governing body of the Federal Reserve System
The 12 member policymaking group within the Fed. The committe…
The buying and selling of government securities by the Fed
Changes in the money supply, or in the rate of change of the…
Board of Governors
The governing body of the Federal Reserve System
Federal Open Market Committee(FOMC)
The 12 member policymaking group within the Fed. The committe…
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…
37 terms
Economics: Money/Federal Reserve
Basic Functions
Medium of exchange:
Unit of Account / Measure of Value:
Store of value:
-Medium of exchange ... -Unit of account / Measure of value ... -St…
Acceptable
Express the value of g/s
Saved for future use
Basic Functions
-Medium of exchange ... -Unit of account / Measure of value ... -St…
Medium of exchange:
Acceptable
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.
26 terms
Money, Banks and the Federal Reserve System
money
asset
commodity money
functions of money
assets that people are generally willing to accept in exchang…
anything of value owned by a person or a firm
a good used as money that also has value independent of its u…
1. medium of exchange... 2.unit of account... 3. store of value... 4.…
money
assets that people are generally willing to accept in exchang…
asset
anything of value owned by a person or a firm
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