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Unit 1 vocab

TermDefinition
Money something generally accepted as a medium of exchange, a measure of value or a means of payments (Merriam-Webster Dictionary)
Currencies system of money in general use in a country
coin type of money made with metal, stamped and issued by the authority of government
Banknotes promissory notes issued by a Federal Reserve Bank
Government Bond form of debt issued by a national government
Treasury Bonds (T-Bonds) type of treasuries which have the longest maturities of all government bonds
Treasury Notes (T-Notes) type of government bond issued with shorter maturities than T-bonds
Treasury Bills (T-Bills) government bonds issued with terms of four, 13, 26 or 52 weeks
cash form of legal tender which can be used to exchange goods, debt or services
Debit card form of legal tender which can be used to exchange goods, debt or services
Credit card payment card issued by a bank to cardholders as a method of payment
Personal Check slip of paper which allows the user to make a payment from his or her bank account to a business or individual
Electronic Funds Transfer wire transfer of money from one bank account to another
Money Supply total amount of monetary assets available in a country’s economy at a specific time
Money Demand desired holding of financial assets in the form of money– cash and bank deposit
Continentals paper currency issued by the Continental Congress
Gold Standard standard mass of gold defines the value of a currency unit
Created by: 23moore.eric
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