1
Anything that is used to determine value
Medium of exchange
The direct exchange of one good for another
Barter
something that keeps its worth
store of value
What is the best-selling cookie brand in the world?
Oreo
What folk hero is said to live in the Sherwood Forest?
Robin Hood
system that keeps only a small part of a deposit on hand and lends out the rest
Fractional Reserve Banking
The fact that money can be immediately used in exchange, whereas valuable jewelry cannot, illustrates the fact that money is
Liquid
When something contains intrinsic value and also serves as medium of exchange is known as
Commodity Money
In Cajun cuisine, what crustaceans are playfully referred to as mud bugs?
Crawfish
What famous rapper's real name is Christopher Wallace?
Notorious BIG
A medium of exchange that is valuable because a government says that it has value is
Fiat Money
A system in which a country's money is backed with gold
Gold Standard
A government institution that covers bank accounts against bank failure
FDIC
Which Crayola color was named by a five-year-old?
Razzmatazz
What was the last name of Dennis the Menace's older neighbor that Dennis would consistently bother?
Mr. Wilson
Mortgages given to people with poor credit are known as
Sub Prime Mortgages
A ___ is a type of pooled fund that often engages in highly speculative investments and is generally restricted to wealthy clients
Hedge Fund
The central banking system of the United States
The Fed
What animal has the most teeth?
Snail
What material do you need to make bread in Minecraft?
Wheat
When the aggregate price level falls economists use the term ___ to describe the situation
Deflation
Vault cash and deposits at the Federal Reserve count towards ____ a term that describes funds not lent out or invested by a private bank
Bank Reserves
The use of debt to increase the protentional rate of return on one's own investment is called
Leverage
What TV show takes place in the fictional city of Dillon, Texas?
Friday Night Lights
What is the only substance Superman cannot see through?
Lead