Mo MoNeY
Any asset that can easily be used to purchase goods and services.
money
Deposits in accounts against which checks can be written.
checkable deposits
A means of storing purchasing power over time.
store of value
A narrow measure of the money supply that includes the most liquid forms of money—those you can use immediately to make payments.
M1
Greatest of all time.
GOAT
Assets that carry a fixed value in terms of currency units (dollars, euros, etc.).
monetary assets
The amount of deposits not loaned out by banks.
bank reserves
An asset that individuals acquire for the purpose of trading for goods and services rather than for their own consumption.
medium of exchange
A broader measure of the money supply that includes M1 plus near‑money assets that are not used directly for daily transactions but can be quickly converted into spending money.
M2
An expression for no lie; to be completely honest.
no cap
Financial assets that can't be directly used as a medium of exchange but can be readily converted into cash or checkable bank deposits.
near-moneys
An institution that oversees and regulates the banking system and the quantity of money in the economy.
central bank
A measure used to set prices and make economic calculations.
unit of account
A savings alternative in which money is left on deposit for a stated period of time to earn a specific interest rate.
certificates of deposit
Something is very good, especially food.
bussin
The total amount of cash actively used for transactions within an economy.
currency in circulation
A financial institution such as a savings bank, commercial bank, savings and loan association, or credit union that is legally allowed to accept monetary deposits from consumers.
depository institution
A medium of exchange whose value derives entirely from its official status as a means of payment.
fiat money
The total amount of a currency that is either in physical circulation or in the form of bank reserves held at the central bank.
monetary base
A word used to show agreement or confirmation.
bet
An overall measure of the money supply.
monetary aggregate
Savings accounts with a fixed term and a principal value of less than $100,000. Funds cannot be withdrawn before the maturity date without a penalty or loss of interest.
small-denomination time deposits
Checks issued by a financial institution which function as cash but are protected against loss or theft.
traveler's check
A function of money that allows people and institutions to settle debts and make contracts where payment occurs at a future date.
standard of deferred payment
drip