Common "C"ents
Coins and cash are commonly referred to as this.
Currency
This account allows you to make interest and withdrawal what you need when you need it.
Savings Account
ATM
Automated Teller Machine
To trade goods or services for other goods or services.
Barter
Given an example of electronic money.
Direct Deposit
Debit Card
ATM Machine
Online Banking
This is an account used to pay bills and withdrawal money using a debit card.
Checking Account
This account allows you to withdrawal money at anytime using a debit card.
Checking Account
FDIC
Federal Deposit Insurance Corporation
The percent of deposits set aside in a bank's vault.
Reserve Requirements
Name one job of the Bureau of Engraving & Printing.
Prints Money
Takes old money out of circulation.
This is where the government does their banking.
Central Bank
This pays interest and allows you to write checks. Similar to a savings account.
Money Market
S & L
Savings & Loans Association
This is manipulating the money supply to affect the cost of credit, economic growth, & price stability.
Monetary Policy
Name one of the 3 tools to control the money supply.
Open Market Operations (OMO)
Discount Rate
Reserve Requirements
This place gives out loans as well as other banking services.
Credit Union
This account features a new and annoying AI feature.
Snapchat Account
OMO
Open Market Operations
This is a government program to protect deposits in case the bank goes out of business.
Deposit Insurance
Name all 4 characteristics of Money.
Portable
Divisible
Durable
Limited Supply
This pays higher interest rates over a determined amount of time.
Computerized banking by using debit cards or direct deposit.
Electronic Money
LSHIDMTAMSFO
Laughing So Hard I Dropped My Taco And My Sombrero Fell Off
They manage currency, regulate banks, and approve bank mergers.
The Federal Reserve System
"The Fed"
Name all 3 Functions of Money.
Medium of Exchange
Store of Value
Measure of Value