The Functions and Characteristics of Money
History of American Money and Banking
Types of Money in the U.S.
Vocab.
Misc.
100
Most Americans thinks ________ , ________ , and ________ are money
What is Bills, Coins, and Checks
100
During the ________ period, England did not permit the American colonies to print or mint their own money,
What is colonial
100
About __ percent of United States money is in ______
What is 7 and coins
100
Let consumers do their banking without the help of a teller
What is ATMs
100
Money that is stable in value
What is Stable In Value
200
Anything that people are willing to accept in exchange for goods can serve as
What is money
200
In ______ Congress passes Coinage Act the organizes a mint and establishes the dollar as a basic unit of currency for the nation
What is 1792
200
Assets that are almost but not exactly like money
What is near moneys
200
Exchange of goods and services for other goods and services
What is Barter
200
Money that can be carried about easily
What is portable
300
Today all United States money is
What is fiat money
300
The ____________ War brought even more confusion to the already haphazard colonial money system
What is Revolutionary
300
A ______ ________ automatically withdraws money from a chackable account
What is a debit card
300
Money deposited in a bank that a person can withdraw by writing a check.
What is checking account
300
Money that you can sell something such as labor and receive
What is store of value
400
Money that is a measure of value functions in this way
What is unit of accounting
400
__________ _____________ allows a customer to write a check for more money then exists in his or her account
What is overdraft checking
400
list an examples of near money
What is Time deposits or savings-account balances
400
When a seller will accept money in exchange for a good or service
What is medium of exchange
400
Money that must be able to withstand the wear and tear of being passed from person to person
What is Durable
500
The six major characteristics of money
What is Durable, Portable, Divisible, Stable in value, Scarce, Accepted
500
During the _______ War to help pay for the war, the United States for the first time since the Revolution issues fiat money.
What is Civil
500
Money consists of _______, __________, __________, and ___________other than currency
What is Checks, Credit cards, Debit cards, and Near Money
500
A system of putting onto computers all the various banking functions that in the past had to be handled on paper
What is electronic funds transfer
500
The great depression begins
What is 1929
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