Study sets matching "money banking"

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Study sets matching "money banking"

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
Money and Banking
currency
coins
bill
credit card
currency
coins
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.
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…
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
72 terms
Money & Banking
Two reasons why bond prices and intere…
Define Yield to maturity
rate of return equation
What happens to Md when prices fall?
1) when interest rates go down, cash flow increases 2) decrea…
present value of cash flows received from debt with value today
ROR=PV-P/P PV=P/IR
When prices decrease, money demanded decrease
Two reasons why bond prices and intere…
1) when interest rates go down, cash flow increases 2) decrea…
Define Yield to maturity
present value of cash flows received from debt with value today
32 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…
32 terms
Money and Banking
Clearinghouse
Dealer
Value-Based Investor/Central Bank
interest rate
a mutual organization that serves as the counterparty for eve…
an individual entity that supplies market liquidity by quotin…
central bank acts as a kind of value-based investor when it c…
the price of money tomorrow in terms of money today
Clearinghouse
a mutual organization that serves as the counterparty for eve…
Dealer
an individual entity that supplies market liquidity by quotin…
30 terms
Money and Banking
pieniądze
bankomat
waluta
karta przedpłacona
money
cash point
currency
prepaid card
pieniądze
money
bankomat
cash point
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…
Money & Banking
fiat money
liquidity
money supply
member bank
money that has value because the government has ordered that…
the ability to be used as, or directly converted to, cash
all the money available in the United States economy
bank belonging to the Federal Reserve System
fiat money
money that has value because the government has ordered that…
liquidity
the ability to be used as, or directly converted to, cash
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 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…
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…
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…
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…
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…
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…
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
16 terms
Money and Banking???
fiscal policy
central bankers work to reduce the vol…
job of the central bank
central bank independence
determines the budget by congress and president
1) low and stable inflation... 2) high and stable real growth/em…
improve general economic welfare by managing and reducing sys…
central bank should be free of political pressure, make decis…
fiscal policy
determines the budget by congress and president
central bankers work to reduce the vol…
1) low and stable inflation... 2) high and stable real growth/em…
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…
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…
18 terms
Money&Banking
Function of Financial Markets
Direct finance
Structure of Financial Markets
Debt Markets
Perform the essential function of channeling funds from econo…
borrowers borrow funds directly from lenders in financial mar…
-Debt and Equity Markets... -Primary and Secondary Markets... -Exch…
concerned with financing through issuing debt instrument.
Function of Financial Markets
Perform the essential function of channeling funds from econo…
Direct finance
borrowers borrow funds directly from lenders in financial mar…
32 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…
32 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…
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…
32 terms
Money and Banking
ATM
Bank charges
Cash
Checkbook
Distributeur automatique
Frais bancaires
Argent liquide
Carnet de chèques
ATM
Distributeur automatique
Bank charges
Frais bancaires
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.
Money & Banking Unit 3
How do banks make a profit?
Banking
Pooling funds-how?
Gathering information about borrowers-…
High Interest rates... Interest on loans... Spread: Higher interest…
...
1. Banks pool together funds of lender-savers... 2. Done by ince…
Banks are really good at knowing their customers... Cuts future…
How do banks make a profit?
High Interest rates... Interest on loans... Spread: Higher interest…
Banking
...
59 terms
Money & Banking, Test 1
Financial Markets ... (Introduction)
Bond Market... (Introduction)
Stock Market... (Introduction)
Foreign Exchange Rate... (Introduction)
Transfers funds from savers to borrowers OR people/firms with…
Determines interest rates (cost of borrowing OR price paid fo…
Investment and retirement decisions??... Represents a share of o…
Price of one country's currency in terms of anothers
Financial Markets ... (Introduction)
Transfers funds from savers to borrowers OR people/firms with…
Bond Market... (Introduction)
Determines interest rates (cost of borrowing OR price paid fo…
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.
24 terms
Banking and Money
salary
wages
current account
pay your bills
salary
wages
Money & Banking
What is Money?
What is Bartering?
A disadvantage of bartering.
What is a commercial bank?
Anything of value that is widely accepted as payment for good…
When you swap a good or service for another good or service.
Both people must have the good or service the other wants.
A business that provides financial services to persona and bu…
What is Money?
Anything of value that is widely accepted as payment for good…
What is Bartering?
When you swap a good or service for another good or service.
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…
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
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 & Banking
What is Money?
What is a Medium of Exchange?
What is Barter?
What is a Unit of Account?
Anything that serves as a medium of exhange, a unit of accoun…
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 & services.,Price c…
What is Money?
Anything that serves as a medium of exhange, a unit of accoun…
What is a Medium of Exchange?
Anything that is used to determine value during the exchange…
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…
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…
5 terms
Money and Banking
Savings Account
ATM
Check
Mobile Banking
Account that you save for a raining day that earns interest
Computer used by bank customers to manage money and dispense…
Paper forms that people use to transfer money from one place…
Gives you the convenience of using a device to bank
Savings Account
Account that you save for a raining day that earns interest
ATM
Computer used by bank customers to manage money and dispense…
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…
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…
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
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
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
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
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.
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
50 terms
money and banking chapter 1
3 key components of the financial system
financial asset
security
financial market
1. financial assets... 2. financial institutions... 3. federal rese…
asset that represents a claim on someone else for a payment
1. financial asset that can be bought or sold in a market... 2.…
a place or channel for buying or selling stocks/bonds/other s…
3 key components of the financial system
1. financial assets... 2. financial institutions... 3. federal rese…
financial asset
asset that represents a claim on someone else for a payment
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