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

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.

Term

coin
click to flip
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know

Term

currency
Remaining cards (13)
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 and Banking

Chapter 24

TermDefinition
coin metallic form of money such as pennies, nickles and dimes.
currency both coins and paper money
commercial bank a financial institution that offers full banking services to individuals and businesses
savings and loan association financial institutions that traditionally loaned money they have deposited
credit union nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services
central bank an institution that lands money to other banks; also, the place where the government does its banking business
Federal Open Market Committee (FOMC) the most powerful committee of the Fed, because it makes the decisions that affect the economy as a whole by manipulating the money supply
monetary policy policy that involves changing the rate of growth of the money supply in circulation in order to affect the cost and availability of credit
discount rate the interest rate the Fed charges on its loans
reserve a certain percentage of deposites that banks have to set aside as cash in their own vaults or as deposits in their Federal Reserve district bank
open market operations purchase or sale of U.S. government bonds and Treasury bills
checking account an account in which deposited money can be withdrawn at any time by writing a check
savings account an account in which customers receive interest based on how much money have deposited
certificate of deposite (CD) timed deposit that states the amount of the deposit, maturity, and rate of interest being paid
Created by: joanaramirez
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