Definitions
Money
Federal Reserve
Loans
Types of Banks
100
What is a type of bank that is all service for the general public?
What is Commercial Bank
100
What is one characteristic of money?
What is Portable, stable, durable, acceptable, scare, or divisible
100
What is the main mission of the Federal Reserve?
What is Monitoring money supply
100
How many types of loans are there?
What is 4
100
Who can bank at commercial banks?
What is The general public
200
What kind of bank is set up by businesses and are non profit for members to use?
What is Credit Unions
200
What does it mean if money is scarce?
What is not much money in circulation
200
What does it mean when the Federal Reserve clears checks?
What is approving checks to go to the person they are made out to
200
What kind of loan is given for a home?
What is A mortgage loan
200
What bank calls it's patrons "members"
What is credit union
300
What laws regulate monopolies and oligopolies
What is Antitrust Laws
300
What does money have to be stable in?
What is value
300
What does the Federal Reserve supervise?
What is member banks
300
What loans are given for cars and remodeling
What is individual loans
300
How many bank types are there?
What is 4
400
What is backup money that a bank has to keep for emergencies?
What is reserves
400
What does it mean if money is acceptable?
What is people agree to use it
400
How does the Federal Reserve control money supply?
What is telling the bureau of engraving and printing to make more or less money
400
What are loans that are given for you to use at any time
What is line of credit
400
What do lending and saving banks for
What is giving loans
500
What is given to inventors for their inventions?
What is a patent
500
What does it mean when money is durable?
What is being able to withstand things without breaking or tearing
500
How does the Federal Reserve control inflation?
What is raising or lowering the amount of money in circulation
500
What are commercial loans given for?
What is starting a new business
500
What is the bank of the government?
What is Federal Reserve
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