The Feds
This is where paper currency is printed
What is the Bureau of Engraving and Printing
This is another word for money (paper and coins)
Currency
This is a not for profit privately owned financial institution
What is a Credit Union
This security pays interest over a period of 2-10 years
What is a Treasury Note
This is the central bank for the USA
Daily Double!!!
What is the Federal Reserve
The Federal Reserve System is broken down into this
What are 12 districts
These are the 3 types are depository institutions
What are commercial banks, credit unions, and savings and loans
These are the 2 types of financial institutions in the USA
Double Points
Depository and Non Depository
This is the largest category of Depository Institutions
What are commercial banks
Any organization that provides services related to money in the USA
What are Financial Institutions
The 4 core functions of the Federal Reserve Bank System
What is establish policy, supervise and regulate financial institutions, maintain stability of the country's financial system, and provide financial services
These are the 5 properties of money
What is 1. Stable 2. Easily recognizable 3. Divisible 4.Portable 5. Durable
These are the 4 types of non depository financial institutions
What are
1.Insurance Companies
2.Investment Banks
3.Securities Firm
4. Finance Companies
These are the 4 basic financial exchanges
What are 1. Cash
2. Credit Cards
3. Debit Cards
4. Electronic Funds Transfer
Services offered to customers by financial institutions
What are Banking Products
The government implemented this to help protect buyers and sellers in financial transactions
Daily Double!!
What are laws or regulations
These are the 3 functions of money
What are 1. Medium of Exchange
2. Unit of Value
3. Store of Value
In addition to business checking accounts these services are also offered to business customers
What are Lines of Credit, Letters of Credit, Long term business loans, International Banking Services
This allows customers to make purchases up to a preset amount with the promise of paying it back later with interest
What is a Credit Card
An exchange of goods or services for another good or service
What is Barter
This security pays interest over a period of 10-30 years
What is a Government Bond
This is a common measure of the worth or price a good or service
What is a Unit of Value
These are the 4 basic financial services offered to all customers
What are
1. Checking Accounts
2. Savings Accounts
3.Electronic Banking
4.Bank Cards
Triple Points
Name at least 3 locations of U S Mints
What are 1.Denver, Colorado 2. San Francisco, California 3. Fort Knox, Kentucky 4.Philadelphia, Pennsylvania 5. Washington DC 6. West Point, New York
The mechanism that a country uses to provide and independently manage their money
What is a Monetary System