Money
The name of coins and paper bills.
What is currenc?
panic induced in which great number of people try to redeem gold, silver, and their paper money.
What is a Bank Runs.
A system that is organized to provide this and a host of essential services to banks, to the federal government, and, most importantly, to the national economy.
What is the Federal Reserve System?
All the money available in the United States economy.
What is money supply?
The act of redirecting resources from being consumed today so that they may create benefits in the future.
The use of assets to earn income or profit.
What is Investing?
Anything that is used to determine value during the exchange of goods and service.
What is a Medium of exchange?
A monetary system in which paper money and coin value of certain amount of gold.
What is the gold standard?
This policy refers to the actions that the Fed takes to influence the level of real GDP and the rates of inflation in the economy.
What is the monetary policy?
Saving accounts, checking accounts, money market accounts, and certificates of deposit (CDs)
What are four common ways to save money with a bank?
A pool of the savings of many individuals and invests this money in a variety of stocks, bonds, and other financial assets.
What is a mutual fund?
What you would resort to if we didn’t use money.
What is services through Barter?
This led to the elimination of the many different state currencies in the use and helped stabilize the country’s money supply. This happened between 1863-1864
The great depression was the main reason why Congress created this system.
What was the main reason Congress created the Federal Reserve System?
A card entitling their owners to buy goods and services based on the owner promises to pay.
What is a credit card?
The money an investor receives about and beyond the sum of money that has been invested.
What is a low/high return?
And extra serving as a medium of exchange; Money
What is a an example of unit of accounting?
This system created as many as 12 regional banks Throughout the country. All banks chartered by the national government were required to become a member of the Fed.
What is the Federal Reserve Banks?
Each regional bank acted independently and their separate actions canceled one another’s out.
Why didn’t the Federal Reserve System work?
This bank traditionally served businesses. They offer checking accounts, accept deposits, and make loans to businesses and individuals.
What is a Commercial Bank?
The amount of risk you can take on an investment would affect the amount of returns you would get.
What is Risk and Return?
Medium do exchange, unit of accounting and store value.
What is money?
The regional Federal Reserved Banks allowed members to borrow money to meet their short-term demands.
What is a Short-Term Loan?
“The Fed”
What is the Federal Reserve System often referred to as now?
These companies make installment loans to consumers. These loans spread the coast of major purchases like computers, cars, and large appliances.
What is a finance company?
This strategy of spending out investments to reduce risk
What is diversification?