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Study sets matching "money and banking"

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Study sets matching "money and banking"

20 terms
Money and Banking
currency
coins
bill
credit card
currency
coins
34 terms
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…
21 terms
banking and money
cash
coin
bills
check
Cash is money.
These are coins.
This is a $1 bill.
Be careful taking checks from people you don't know.
cash
Cash is money.
coin
These are coins.
22 terms
Money and Banking
money
medium of exchange
barter
currency
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
Coins and paper bills used as money
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
Money and Banking
money
barter
store of value
currency
anything that serves as a medium of exchange, a unit of accou…
the direct exchange of one set of goods or services for another
Something that keeps its value if it is stored rather than used
Coins and paper bills used as money
money
anything that serves as a medium of exchange, a unit of accou…
barter
the direct exchange of one set of goods or services for another
12 terms
Money and Banking
borrow
credit
interest
loan
to receive and use something that is not yours and then retur…
promise of payment at a future time in return for goods/servi…
payments made for the use of money
money given to a person that has to be paid back, often with…
borrow
to receive and use something that is not yours and then retur…
credit
promise of payment at a future time in return for goods/servi…
40 terms
Money and Banking
cash machine, ATM
savings
loan
to withdraw
bankomat
oszczędności
pożyczka
wypłacać
cash machine, ATM
bankomat
savings
oszczędności
30 terms
Money and Banking
pieniądze
bankomat
waluta
karta przedpłacona
money
cash point
currency
prepaid card
pieniądze
money
bankomat
cash point
24 terms
Banking and Money
salary
wages
current account
pay your bills
salary
wages
30 terms
Money and Banking
current account
joint account
savings or deposit account
standing order
an account that allows you to pay money in or take money out…
an account shared by one or two people
an account for keeping money in the bank for longer period to…
an instruction to a bank to pay fixed sums of money from your…
current account
an account that allows you to pay money in or take money out…
joint account
an account shared by one or two people
19 terms
Banking and Money
watermark
piggy bank
launder money
heads and tails
znak wodny
skarbonka
prać pieniądze
orzeł czy reszka
watermark
znak wodny
piggy bank
skarbonka
61 terms
Money and Banking
Functions of Money
Gold
Store of Value
Medium of Exchange
store of value.... saving money.
changes all the time.
is best done by saving the money.... If you want to store your v…
Purchasing something.
Functions of Money
store of value.... saving money.
Gold
changes all the time.
10 terms
Money & Banking
loan
interest
current account
deposit
money lent: a sum of money that is expected to be paid back
money earned from investments, or money paid at a particular…
account used for day-to-day banking
put money into a bank account
loan
money lent: a sum of money that is expected to be paid back
interest
money earned from investments, or money paid at a particular…
32 terms
Money and Banking
money
medium of exchange
barter
standard of value
anything that people will accept in exchange for goods and se…
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
means through which goods and services can be exchanged
29 terms
Money and Banking
Federal Reserve System
barter economy
commodity money
fiat money
privately owned, publicly controlled, central bank of the Uni…
moneyless economy that relies on trade or barter
money that has an alternative use as an economic good, gunpow…
money by government decree; has no alternative value or use a…
Federal Reserve System
privately owned, publicly controlled, central bank of the Uni…
barter economy
moneyless economy that relies on trade or barter
25 terms
Money and Banking
money
medium of exchange
barter
unit of accounting
anything customarily used as a medium of exchange, a unit of…
money that a seller will accept in exchange for a good or ser…
trade; exchange of goods or services for other goods or servi…
use of money as a yardstick to compare the values of goods an…
money
anything customarily used as a medium of exchange, a unit of…
medium of exchange
money that a seller will accept in exchange for a good or ser…
13 terms
Money and Banking
SO stands for
Identify two legal requirements for se…
DD stands for
A Current Account is used for
Standing Order
Proof of Address and Proof of Identity
Direct Debit
Everyday use
SO stands for
Standing Order
Identify two legal requirements for se…
Proof of Address and Proof of Identity
37 terms
Money and Banking
Functions of Money
Liquidity
M1
M2
- Medium of Exchange ... - Store of Value... - Unit of Account
1) Currency and Traveller's Checks (Cash in the hands of the…
1) M1... 2) Savings Deposits... 3) Time Deposits ... 4) Money market m…
Functions of Money
- Medium of Exchange ... - Store of Value... - Unit of Account
Liquidity
135 terms
Money and Banking
allowance
fine
grant
bonus
dodatek, dieta
grzywna
stypendium, dotacja
premia
allowance
dodatek, dieta
fine
grzywna
48 terms
Money and banking
allowance
investors
monetary
cost
elatusraha
investorid
valuuta, raha
maksumus, kulu
allowance
elatusraha
investors
investorid
20 terms
Money and Banking
Certificate of Deposit
Currency
Discount Rate
Excess Reserves
debt instrument that is similar to a savings account except t…
coins and paper money
the rate if interest the Fed charges when it makes loans to d…
the amount of any deposit that does not have to be held aside…
Certificate of Deposit
debt instrument that is similar to a savings account except t…
Currency
coins and paper money
9 terms
Money and Banking
ATM
PIN
barter
legal tender
automated teller machine
personal identification number
swapping goods
notes and coins in daily use
ATM
automated teller machine
PIN
personal identification number
27 terms
Money and Banking
Financial markets
security
assets
bond
markets in which funds are transferred from people who have a…
(financial investment) a claim on the issuer's future income…
any financial claim or piece of property that is subject to o…
a debt security that promises to make payments periodically f…
Financial markets
markets in which funds are transferred from people who have a…
security
(financial investment) a claim on the issuer's future income…
32 terms
Money and Banking Chapter 3
Money market
Secondary market
Primary market
Capital market
A financial market in which only short-term debt instruments​…
A financial market in which securities that have been previou…
A financial market in which new issues of a​ security, such a…
A market in which​ longer-term debt​ (generally those with or…
Money market
A financial market in which only short-term debt instruments​…
Secondary market
A financial market in which securities that have been previou…
31 terms
Money and Banking
Three functions of money
Medium
Barter
Serves as a store of value
1. Medium... 2. Barter... 3. Serves as a store of value
Form of exchange- trade money for goods and services
Exchange goods and services for other goods and services
Hold your wealth in form of money until your ready to use it
Three functions of money
1. Medium... 2. Barter... 3. Serves as a store of value
Medium
Form of exchange- trade money for goods and services
9 terms
Money and Banking
Medium of exchange
Currency
Representative money
Fiat Money
anything used to measure value during the exchange of goods a…
Coins and paper bills used as money
represents an object of value for which it an be exchanged.... E…
This money has value because the government states that it is…
Medium of exchange
anything used to measure value during the exchange of goods a…
Currency
Coins and paper bills used as money
12 terms
Money and banking
Standing Order
Direct Debit
Paypath
Drawee
an instruction from the bank account holder to pay from his o…
an arrangement made with a bank that allows a third party to…
An electronic way of transferring an employees wages from the…
The bank on which a check is written.
Standing Order
an instruction from the bank account holder to pay from his o…
Direct Debit
an arrangement made with a bank that allows a third party to…
67 terms
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 as a measure of value during the exchan…
the direct exchange of one set of goods or services for another
a means of comparing the values of goods and services relativ…
money
anything that serves as a medium of exchange, a unit of accou…
medium of exchange
anything that is used as a measure of value during the exchan…
32 terms
money and banking
charges
current account
instalments
mortgage
opłaty
bieżący rachunek
raty
hipoteka
charges
opłaty
current account
bieżący rachunek
74 terms
Ch 10 - Money and Banking
Private Equity
Why do some business owners hope to go…
When is public offering of shares feas…
How do venture capital funds (VC funds…
A business that is privately held and the owners cannot sell…
1. To obtain financing to support firm's growth... 2. So they ca…
1. Owners want to sell at least $50 million in stock.... 2. The…
From wealthy investors and from pension funds that are willin…
Private Equity
A business that is privately held and the owners cannot sell…
Why do some business owners hope to go…
1. To obtain financing to support firm's growth... 2. So they ca…
36 terms
Money and banking
money
medium of exchange
unit of account
four functions of money
anything that is generally accepted as a means of payment
an item that buyers give to sellers when they want to purchas…
a means for comparing the values of goods and services
1. medium of exchange... 2. unit of account... 2. store of value... 3.…
money
anything that is generally accepted as a means of payment
medium of exchange
an item that buyers give to sellers when they want to purchas…
34 terms
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…
34 terms
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…
15 terms
Money and Banking
Cheque
Drawer
Payee
Drawee
Is a written instruction to your bank to pay a sum of money t…
The person who writes the cheque - The Account Holder
The person we want to pay the money to.
The bank where we have our account.
Cheque
Is a written instruction to your bank to pay a sum of money t…
Drawer
The person who writes the cheque - The Account Holder
21 terms
Money and Banking
Barter
Medium of exchange
Store of value
Unit of account
exchange goods without money
an item that buyers give to sellers when they want to purchas…
an item that people can use to transfer purchasing power from…
a measure used to set prices and make economic calculations
Barter
exchange goods without money
Medium of exchange
an item that buyers give to sellers when they want to purchas…
8 terms
Money and Banking
ATM
PIN
Barter
Legal Tender
Automated Teller Machine.
Personal Identification Number.
Trading of Goods and Services.
Cash in hand.
ATM
Automated Teller Machine.
PIN
Personal Identification Number.
33 terms
Money and Banking
An ATM
To be bounced
bank charges
cash
un distributeur automatique
être rejeté
frais bancaires
de l'argent liquide
An ATM
un distributeur automatique
To be bounced
être rejeté
65 terms
Money and Banking
A
B
A
D
The First Bank of the United States... A) was disbanded in 1811…
The Second Bank of the United States... A) was disbanded in 1811…
The public's fear of centralized power and distrust of moneye…
The financial panic of 1907 resulted in such widespread bank…
A
The First Bank of the United States... A) was disbanded in 1811…
B
The Second Bank of the United States... A) was disbanded in 1811…
27 terms
Money and Banking
M1
M2
Special properties of money
Total return asset
measure of money that includes currency, travelers checks, an…
A measure of money that adds M1: money market deposit account…
1. Labor cannot be employed to produce more money... 2. No good…
q-c+l
M1
measure of money that includes currency, travelers checks, an…
M2
A measure of money that adds M1: money market deposit account…
15 terms
Money and bank
compensation
overdraft
down payment
direct debit
kompenzace, odškodnění
přečerpání účtu
akontace, záloha (platba v hotovosti)
příkaz k inkasu
compensation
kompenzace, odškodnění
overdraft
přečerpání účtu
70 terms
Money and Banking
Financial Institutions
underlying
Derivative
Foreign exchange market is
A written legal obligation of one party to transfer something…
securities whose value depends on the issuers financial condi…
value is derived from the behavior of underlying securities (…
where the currency of one country is converted into the curre…
Financial Institutions
A written legal obligation of one party to transfer something…
underlying
securities whose value depends on the issuers financial condi…
53 terms
Money and Banking
Financial markets
security
bond
interest rate
markets in which funds are transferred from people and Firms…
(financial instrument) is a claim on the issuer's future inco…
a debt security that promises to make payments periodically f…
the cost of borrowing or the price paid for the rental of funds
Financial markets
markets in which funds are transferred from people and Firms…
security
(financial instrument) is a claim on the issuer's future inco…
11 terms
money and banking
check
expense
savings account
deposit
you fill it out to pay a bill or expense
every time you spend money
the account you put money into to save it for the future
when you put money in one of your accounts in the bank
check
you fill it out to pay a bill or expense
expense
every time you spend money
61 terms
Money and Banking
Functions of Money
Gold
Store of Value
Medium of Exchange
store of value.... saving money.
changes all the time.
is best done by saving the money.... If you want to store your…
Purchasing something.
Functions of Money
store of value.... saving money.
Gold
changes all the time.
18 terms
Money and Banking
Recession
Depression
GDP
Economic Indicators
the state of the economy declines for two consecutive quarters
a long-term economic state characterized by very high unemplo…
measure of the United States economy adopted in 1991 - values…
Statistics that provide information about the performance of…
Recession
the state of the economy declines for two consecutive quarters
Depression
a long-term economic state characterized by very high unemplo…
29 terms
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…
85 terms
Money and banking
account
current account
deposit account
statement of account
arve, konto
jooksev arve
hoiuarve
arve seis, bilanss
account
arve, konto
current account
jooksev arve
24 terms
Money and Banking
money
interest
default
commodity
anything that serves as a medium of exchange, a unit of accou…
price paid for the use of borrowed money
failure to pay back a loan
objects that have value within themselves and that are also u…
money
anything that serves as a medium of exchange, a unit of accou…
interest
price paid for the use of borrowed money
15 terms
Money and Banking
What is United States currency called?
The basic measurement of money in the…
United States banks followed Italy's s…
All money in the United States is?
Federal Reserve Notes
M1
Fractional Reserve Banking
Fiat Money
What is United States currency called?
Federal Reserve Notes
The basic measurement of money in the…
M1
24 terms
Money and Banking
What is central banking
One characteristic do all financial in…
What is a checking account?
What is the purpose of FDIC?
Federal Reserve System.
They all act to bring together savers and borrowers
An account at a bank in which deposited money can be withdraw…
To INSURE people in case the bank collapses. FDIC insures the…
What is central banking
Federal Reserve System.
One characteristic do all financial in…
They all act to bring together savers and borrowers
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