Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Money & Banking

Chapter 18 Eco book

TermDefinition
Money Anything that is generally accepted by people in exchange for goods and services or repayment of debt.
Barter Directly exchanging goods and services for other goods and services.
Double Coincidence of Needs and Wants You must find someone who is willing to purchase the good you have to sell and is also selling the good you want to purchase.
Token Money Representative money which could be exchanged into gold on demand.
Fiduciary Issue The proportion of a country's currency that is not backed by gold. This is based on trust.
Measure of Value Measure exactly how much something is worth.
Standard for the Deferred Payment Money is capable of measuring value for a future date. takes into account inflation and deflation.
Medium of Exchange Money is used to purchase goods and services.
Store of Wealth In order to be a medium of exchange, money must hold its value over time.
Legal Tender Money that must be accepted if offered as payment for a purchase or settlement of a debt.
Monetary Policy Actions by the ECB that influence money supply, interest rates and the availability of credit.
Commercial Banks Institutions that provide deposit and lending services to personal consumers and businesses.
Primary Liquidity Ratio The amount of money with respect to short-term deposits that the Central Bank requires commercial banks to keep in cash form.
Capital Adequacy Ratio The percentage of a bank's capital to its risk-weighted assets.
Nominal Interest Rate The interest rate unadjusted for inflation.
Real Rate of Interest The nominal rate of interest minus the rate of inflation.
Created by: jennymarshall
Popular Economics sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards