Money Functions
Money
Characteristics
Federal Reserve
Banking Terms
Basic of Banking
100
The number of functions money has
What is three
100
The characteristic in which money can endure wear and tear
What is durable
100
The number of governors who make monetary policies
What is 7
100
The amounts of currency ($1, $5, $10, etc.)
What are dinominations
100
A financial business which sells it services to earn money
What is bank
200
Form of money which is wide accepted to buy goods and services
What is medium of exchange
200
The characteristic in which money is easy to carry
What is portable
200
The number of banks in the federal reserve system
What is 12
200
What someone hopes to make on investments
What is interest
200
Important to the functioning of an economy
What are banking services
300
Currency used to value the cost of goods and services
What is unit of account
300
The characteristic in which it is agreed that the money is worth something of value
What is acceptable
300
The Fed group made up of the board of governors and five of the presidents from the banks which sets interest rates, etc.
What is FOMC (Federal Open Market Committee0
300
The increase in the value of goods and services
What is inflation
300
What is the general service banks offer
What is handling people's money
400
When you retrieve your money it is still worth something
What is store of value
400
The characteristic in which money stays relative over long periods of time
What is stable
400
The practice in which the federal reserve goes out and audits banks for financial soundness
What is supervisory role
400
When the amount of money is controlled and is relatively hard to get
What is the banking characteristic known as scare
400
Early in our country's history, what caused most state banks to close their doors
What was extreme federal taxation
500
If you use your money at a later date, it still has value
What is store of value
500
The characteristic in which money is easily split into smaller parts
What is divisible
500
The role in which the Federal Reserve provides banks with a money supply
What is financial services
500
The difference a bank makes between interest paid and interest earned
What is the spread or net interest income
500
What were two major causes of the financial crisis which started in 2007
What was deregulation of the mortgage industry and excessive debt accumulation by American citizens
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