Money
Money backed by government bonds and issued by commercial banks in the National Banking System
National currency
A commercial bank chartered by the National Banking System
National bank
Person who owns a share or shares of a stock in a corporation
shareholder
A system in which the basic unit of currency is equivalent to, and can be exchanged for, a specific amount of gold
Gold standard
Owning a percentage of a company (monitored by the _____ market) (repeat word)
Stock
money by government decree; has no alternative value or use as a commodity
Fiat money
A banker's bank; a bank that can lend to other banks in time of need
Central bank
Certificate of ownership in a corporation
Stock
Money or other substance generally accepted as payment for goods and services; one of the three functions of money
Medium of Exchange
Also referred to as a stockholder (repeat word)
Shareholder
Money that has an alternative use as an economic good; gunpowder, flour, corn, etc.
Commodity money
Sudden rush to depositors to withdraw all deposited funds, generally in anticipated of bank failure or closure
Bank run
Type of investment that shares its abbreviation with a form of music (repeat word)
Certificates of deposit / CDs
One of the three functions of money allowing people to preserve value for future use
Store of value
This action was primarily done in the late 1920s and early 1930s as the Great Depression started (repeat word)
Bank run
The United States government institution that provides deposit insurance on the depositer's account
Federal Deposit Insurance Corporation (FDIC)
Privately owned, publicly controlled, central bank of the United States
Federal Reserve System (Fed)
receipt showing that an investor has made an interest-bearing loan to a financial institution
Certificates of deposit/CDs
One of the three functions of money that allows it to serve as a common denominator to measure value
Measure of value
The Federal Reserve System is a type of this bank (repeat word)
Central Bank
Used primarily in the early American colonies, this was the type of money used to settle debts, make purchases, and trade (repeat word)
Commodity money
Nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services
Credit union
Reserved requirement
Used by the United States from 1900-1933, the U.S. currency was backed by this
Gold standard
Throughout history, these include colored shells, tobacco, gold, silver, and salt; a role of money (repeat word)
Medium of Exchange