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Study sets matching "money banking interest"

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Study sets matching "money banking interest"

91 terms
Banking & Finance-Money and Interest
commodity money
discount
fiat money
federal funds rate
money based on some item of value, such as gold or precious s…
the rate the federal reserve sets and charges for loans to me…
money that is deemed legal tender by the government, not back…
the amount of interest charged for short-term, interbank loans
commodity money
money based on some item of value, such as gold or precious s…
discount
the rate the federal reserve sets and charges for loans to me…
35 terms
Banking & Finance-Money and Interest
MZM
aggregate measures
commodity money
discount
a measure of annual change in the money supply
tools used to estimate the size of money supply
money based on some item of value, such as gold or precious s…
the rate the federal reserve sets and charges for loans to me…
MZM
a measure of annual change in the money supply
aggregate measures
tools used to estimate the size of money supply
91 terms
Banking & Finance-Money and Interest
commodity money
discount
fiat money
federal funds rate
money based on some item of value, such as gold or precious s…
the rate the federal reserve sets and charges for loans to me…
money that is deemed legal tender by the government, not back…
the amount of interest charged for short-term, interbank loans
commodity money
money based on some item of value, such as gold or precious s…
discount
the rate the federal reserve sets and charges for loans to me…
93 terms
Banking & Finance-Money and Interest
commodity money
discount
fiat money
federal funds rate
money based on some item of value, such as gold or precious s…
the rate the federal reserve sets and charges for loans to me…
money that is deemed legal tender by the government, not back…
the amount of interest charged for short-term, interbank loans
commodity money
money based on some item of value, such as gold or precious s…
discount
the rate the federal reserve sets and charges for loans to me…
23 terms
Money and Banking : Measuring Interest Rates
The concept of _____ is based on the c…
The present value of an expected futur…
With an interest rate of 6 percent, th…
What is the present value of $500.00 t…
Present Value
Falls
$94
$453.51
The concept of _____ is based on the c…
Present Value
The present value of an expected futur…
Falls
14 terms
Money, Banking and Interest Rates - 8a
money
medium exchange unit account store val…
inflation
multiple deposit creation
Any asset that is widely accepted for purposes of exchange i.…
Money functions: ... of ..., ... of ..., a ... of ... and sta…
... erodes the value of money
When the CB increases reserves by £1 then the deposits in the…
money
Any asset that is widely accepted for purposes of exchange i.…
medium exchange unit account store val…
Money functions: ... of ..., ... of ..., a ... of ... and sta…
22 terms
Macroeconomics (Banking, money and interest rates)
Functions of money
Monetary financial institutions
Liabilities
Assets
- medium of exchange... - means of evaluation... - store of wealth
- retail banking... - wholesale banking... - building societies... - i…
- sight deposits... - time deposits (require notice of withdrawa…
- cash and reserve balances... - short-term loans... -market loans…
Functions of money
- medium of exchange... - means of evaluation... - store of wealth
Monetary financial institutions
- retail banking... - wholesale banking... - building societies... - i…
25 terms
Banking & Finance--Chapter 3--Money and Interest
aggregate measures
MZM
commodity money
discount
tools used to estimate the size of money supply
a measure of annual change in the money supply
money based on some item of value, such as gold or precious s…
the rate the federal reserve sets and charges for loans to me…
aggregate measures
tools used to estimate the size of money supply
MZM
a measure of annual change in the money supply
22 terms
Money and Banking: Chapter Five (The Behavior of Interest Rates)
What is expected return?
What is risk?
What is liquidity?
What are the four components of the Th…
the return expected over the next period on one asset relativ…
the degree of uncertainty associated with the return on one a…
the ease and speed with which an asset can be turned into cas…
1. The quantity demanded of an asset is positively related to…
What is expected return?
the return expected over the next period on one asset relativ…
What is risk?
the degree of uncertainty associated with the return on one a…
37 terms
Money and Banking: Chapter Four (The Meaning of Interest Rates)
What is the present value?
Why is a dollar paid to you one year f…
What is the simple present value equat…
Cannot compare payments scheduled in _…
a dollar paid to you one year from now is less valuable than…
a dollar deposited today can earn interest and become $1 x (1…
PV = CF/(1+i)^n
different points
What is the present value?
a dollar paid to you one year from now is less valuable than…
Why is a dollar paid to you one year f…
a dollar deposited today can earn interest and become $1 x (1…
20 terms
Interest / the Cost of Money / banking- Economics practice questions
To determine the time value of deposit…
Why might rising interest rates depres…
Which investment would you choose toda…
Which of the following is the federal…
answer is:... b) the rate of inflation
answer is:... b) rising interest rates can result in lower busin…
answer is:... c) short term savings instruments
answer is:... c) Truth in Lending Act
To determine the time value of deposit…
answer is:... b) the rate of inflation
Why might rising interest rates depres…
answer is:... b) rising interest rates can result in lower busin…
19 terms
Money, Banking, Bonds, and Interest (Macro Part 1)
3 purposes for money:
M1 (most basic definition of money)
Demand for Md
Speculative Demand for Money
-unit of exchange... -store of value... -unit of account
currency (paper) + demand deposits (checking account)... most l…
-Higher Income = Higher Md ... -Precautionary Demand for Money…
Good time to BUY bonds= Low Speculative Demand for Money... Goo…
3 purposes for money:
-unit of exchange... -store of value... -unit of account
M1 (most basic definition of money)
currency (paper) + demand deposits (checking account)... most l…
13 terms
Chapter 11: Banking, Money and Interest Rates
Medium of Exchange
Financial Intermediaries
Liquidity
Liquidity Ratio
something that is acceptable in exchange for goods and services
the general name for financial institutions (e.g. banks, cred…
the ease by which an asset can be converted into cash without…
the proportion of a bank's total assets held in liquid form
Medium of Exchange
something that is acceptable in exchange for goods and services
Financial Intermediaries
the general name for financial institutions (e.g. banks, cred…
39 terms
Money & Banking Chapter 6 Real Interest Rates
nominal interest rates
real interest rates
expected real interest rate
realized real interest rate
The amount of interest paid on a debt security in nominal (do…
The nominal interest rate adjusted for expected or actual inf…
The nominal interest rate adjusted for expected inflation; al…
The nominal interest rate adjusted for actual inflation; also…
nominal interest rates
The amount of interest paid on a debt security in nominal (do…
real interest rates
The nominal interest rate adjusted for expected or actual inf…
30 terms
Money & Banking Chapter 5 The Structure of Interest Rates
securitization
on-the-run security
off-the-run security
basis point
the process by which financial intermediaries that own assets…
the U.S. Treasury security (for a given time to maturity) tha…
a U.S. Treasury security that is not the most recently issued.
one-hundredth of a percentage point.
securitization
the process by which financial intermediaries that own assets…
on-the-run security
the U.S. Treasury security (for a given time to maturity) tha…
20 terms
Money and Banking
currency
coins
bill
credit card
currency
coins
28 terms
Money and Banking: Chapter Six (The Risk and Term Structure of Interest Rates)
Why do bonds with the same maturity ha…
What is default risk?
What type of bond is considered defaul…
What is the risk premium?
- default risk... - liquidity... - tax considerations
probability that the issuer of the bond is unable or unwillin…
US Treasury Bonds
the spread between the interest rates on bonds with default r…
Why do bonds with the same maturity ha…
- default risk... - liquidity... - tax considerations
What is default risk?
probability that the issuer of the bond is unable or unwillin…
The Economics of Money, Banking, and Financial Markets Ch. 4: The Meaning of Interest Rates
cash flows
consol or perptuity
coupon bond
coupon rate
Cash payments to the holder of a security
A perpetual bond with no maturity date and no repayment of pr…
A credit market instrument that pays the owner a fixed intere…
The dollar amount of the yearly coupon payment expressed as a…
cash flows
Cash payments to the holder of a security
consol or perptuity
A perpetual bond with no maturity date and no repayment of pr…
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.
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…
40 terms
Money and Banking
cash machine, ATM
savings
loan
to withdraw
bankomat
oszczędności
pożyczka
wypłacać
cash machine, ATM
bankomat
savings
oszczędności
26 terms
Money and Banking (12): Measuring interest Rates and Rates of Return
Because economists believe markets are…
What is the equation for current yield?
what is Yield to maturity?
What does the time value of money state?
one cannot consistently outperform the stock market
Annual interest/current price... this tells investers what you w…
it is the anticipated return if an individual holds a bond un…
That a dollar today is always worth more than a dollar tomorr…
Because economists believe markets are…
one cannot consistently outperform the stock market
What is the equation for current yield?
Annual interest/current price... this tells investers what you w…
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…
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
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…
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
10 terms
Banking and Interest
Interest
Withdrawal
Deposit
Balance
Money earned on a savings account
Money subtracted from an account
Money added to an account
The amount in your account
Interest
Money earned on a savings account
Withdrawal
Money subtracted from an account
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
23 terms
Money, banks and monetary policy: The transmission mechanism of interest rate policy
The bank of England believes that inte…
Draw a flow chart showing the transmis…
Managing the demand for credit through…
Managing the demand for credit through…
AD ... Inflation
refer to sheet
- Market rates of interest ... - asset prices ... - expectations/co…
Domestic demand... net external demand
The bank of England believes that inte…
AD ... Inflation
Draw a flow chart showing the transmis…
refer to sheet
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.
56 terms
Money & Banking
Barter
Saving
Three reason for saving or investing
Three places you can save money
The exchange of one good for another without the use of money
Not spending some of your income and using it for future expe…
Just in case..unforeseen events.... To earn interest.... Purchase e…
Credit Union... Bank... An Post
Barter
The exchange of one good for another without the use of money
Saving
Not spending some of your income and using it for future expe…
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…
Money & Banking
Money
Medium of Exchange
Barter
Store of Value
anything used as medium of exchange, unit of accounting, & st…
seller will accept it in exchange for a good or service
trading of goods & services for other goods & services
keep purchasing power for later use
Money
anything used as medium of exchange, unit of accounting, & st…
Medium of Exchange
seller will accept it in exchange for a good or service
53 terms
Money & Banking
Barter
A Cheque
Drawer
Drawee
The exchange of one good for another without the use of money
A written instruction to a bank to pay a stated sum of money…
Person who writes the cheque
The bank where the drawer has his/her A/C
Barter
The exchange of one good for another without the use of money
A Cheque
A written instruction to a bank to pay a stated sum of money…
11 terms
Money and Interest
money supply
discount rate
commodity money
aggregate measures
liquid assets held by banks and individuals
interest rate that the Fed charges for loans to member banks
currency based on some item of value, such as gold or preciou…
tools used to estimate the size of the money supply
money supply
liquid assets held by banks and individuals
discount rate
interest rate that the Fed charges for loans to member banks
39 terms
Money / Banking
open an account
receive salary payments
branch
utility
számlát nyitni
fizetésátutalást fogadni
bankfiók
közmű
open an account
számlát nyitni
receive salary payments
fizetésátutalást fogadni
11 terms
Money & Banking
cash dispenser
cashier
bank clerk
savings bank
Geldautomat
Kassierer
Bankangestellter
Sparkasse
cash dispenser
Geldautomat
cashier
Kassierer
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
10 terms
Money & Banking
Federal Reserve System
Federal Reserve Notes
fiat money
monetary unit
privately owned, publicly controlled, central bank of the Uni…
paper currency issued by the Fed that eventually replaced all…
money by government decree; has no alternative value or use a…
standard unit of currency in a country's money supply; Americ…
Federal Reserve System
privately owned, publicly controlled, central bank of the Uni…
Federal Reserve Notes
paper currency issued by the Fed that eventually replaced all…
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
48 terms
Money and banking
allowance
investors
monetary
cost
elatusraha
investorid
valuuta, raha
maksumus, kulu
allowance
elatusraha
investors
investorid
135 terms
Money and Banking
allowance
fine
grant
bonus
dodatek, dieta
grzywna
stypendium, dotacja
premia
allowance
dodatek, dieta
fine
grzywna
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
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