What is money
The Federal Reserve System
How banks orperate
miscellaneous
multiple choice
100
metallic forms of money such as pennies and niclels
What is coins
100
The Federal Reserve System, known as the Fed.
What is Central Bank
100
allow customers to write checks or to use check or debit cards.
What is a checking account
100
checking, saving, certicates of deposites
What are the 3 kinds of deposits
100
buying a computer worth $1200
Which of the following is an example of money as a measure of value?
200
includes both coins and paper money
What is currency
200
makes decisions that affect the economy as a whole by manipulating or controling the money supply
What is Federal Open Market Committee
200
banks pay interest to customers based on how much money they have deposited.
What is savings account
200
serves as a medium, serves as a store, serves as a measure of value
What are the functions of money?
200
Insure depositors of the FDIC is to
What is the purpose of the FDIC
300
financial instutions that offer full banking services to individuals and businesses.
What is commercial banks
300
the controlling of the supply of money and the cost of borrowing money.
What is Monetary policy
300
require a saver to deposit his or her funds for a certain period of time.
What is certificates of deposit
300
coins and currency
What are the types of money?
300
Investors
In order to survive, banks must have
400
financial institutions that tradititionally loaned money to people buying homes.
What is Savings and loans associations (S&L)
400
the rate the Fed charges member banks for loans.
What is discount rate
400
first
What is initial
400
banks make money by loaning money to people and fees
How do banks make money?
400
bring savers and borrowers together.
The one characteristic that all financial institutions share is the need to
500
a non-profit basis.
What is Credit Union
500
Fed requirement that affects how much money member banks may loan.
What is reserve
500
main
What is principal
500
FDIC
Who insures banks?
500
pay more interest than savings
What is an advantage of cds
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