Money
Banking
Savings
Credit
Money Problems
100
DAILY DOUBLE...POINTS FOR EACH CORRECT ANSWER.
These are the Characteristics of Money
What are:
Stability
Portability
Durability
Uniformity
Divisibility
Recognizable
100
These are for profit banks owned by shareholders that offer a full range of banking services.
What are Full Service Banks
100
How secure you principle is from loss
What is Safety or Security
100
Original amount you borrow
What is Principle
100
This function of money allows people to use money to purchase goods and services
What is Medium of Exchange
200
Money that has value because the Government says it does.
What is Fiat Money
200
These are owned by members so might offer better rates or lower fees.
What are Credit Unions
200
Measurement of how much your investments earn over time
What is Rate of Return
200
An item of value used to secure a loan
What is Collateral
200
The number of Federal Reserve Banks in the US
What is 12
300
This function of money allows money to keep its value over time
What is Store of Value
300
This serves as the Nation’s central bank.
What is the FED or Federal Reserve System
300
A Measure of how easy it is to get your money
What is Liquidity
300
Loans for a set period of time
What are closed End Loans
300
The Fed can change this to increase or decrease the M1 Supply
What is Reserve Rate or Interest Rate.
400
Currency + Demand Deposits
What is M1 Supply
400
This group's primary function is the regulate the money supply
What is the Federal Open Market Committee (FOMC)
400
Money is assigned to an account for a certain period of time and can only be withdrawn with substantial penalties
What is a Certificate of Deposit (CD)
400
Credit score is based on this range of numbers
What is 300-850
400
This was the Date the Federal Reserve was Established
When was December 23, 1913
500
This is how currency enters the marketplace
What is through Bank Loans
500
Conduct the Nations Monetary Policy
Maintain the stability of the financial system
Regulate financial institutions
Foster payment settlement systems
What are the Functions of the FED
500
An independent agency created by the U.S. Congress to maintain stability and public confidence in the nation's financial system
What is the Federal Deposit Insurance Corporation (FDIC)
500
The actual amount you pay for the use of credit.
What is a Finance Charge
500
Pictured: The Chairman of the Fed
Who is Jerome Powell