anything that serves as a medium of exchange, a unit account and a store of value
What is money
100
money as a medium of exchange
What is the use of money
100
a bank chartered or licensed by the national government
What is national bank
200
coins and paper bills used as money.
What is currency
200
durability, divisability, uniformity, limited supply, and accecptability
What is the six characteristics of money
200
a momentary system in which paper money and coins are equal to the value of a certain amount of gold
What is gold standard
300
paper currency issued during the civil war
What is greenback
300
any to units of money must be the same
What is uniformity
300
banks on the edge of settled areas
What is wildcat banks
400
the ability to be used as or directly converted to cash
What is liquidity
400
money that has value because the government has ordered that it is an acceptable means to pay debt
What is fiat money
400
Nicholas Biddle
What is the second bank's national president
500
failure to pay back a loan
What is default
500
objects that have value because the holder can exchange for something else of value
What is representative money
500
to hold the government's money, to help the government to carry out its powers, to tax borrowed money in the public interest, and regulate interstate and foreign commerce
What is the reasons why the United States treasury used the bank