Banking
&
Liquidity
&
Liquidity
Making your assets cash
What is liquidation?
The amount of money a bank must have in their vaults or closest federal reserve.
What are Reserve requirements?
Money prevents us from doing this
What is bartering?
The system where money is backed by gold
What is the gold standard?
The max amount of damage repairable by flex tape
What is a lot of damage?
A place to put all your money
What is a bank?
When the Federal Reserve decreases the reserve ratio
What is lowering the amount of cash that banks are required to hold in reserves?
The most important function of money
What is a medium of exchange
Money that has value because the government says so
What is fiat money?
This man is a God
Who is Phil Swift?
Backs your money in the bank
What is the government?
Promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000
What is the FDIC?
The function that an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved
What is the store of value
Portable, investable, durable, and transferable
What are the characteristics of money?
It just works
What is, If you do the thing, and you do it right, it works, it just works?
Money making/Printing
What is The Fed?
The number of members on the board of governors.
What is seven?
The medium of exchange, unit of value, and store of value
What are functions of money?
Good money choices
What is investing everything into Flex Ltd?