Macro Chapter 17 Matching
| double coincidence of wants
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| condition occurring when each party in an exchange transaction happens to have what the other party desires |
| the trade of a good or service without a commonly accepted medium of exchange |
| the rate at which banks multiply money when all currency is deposited into banks and they hold no excess reserves |
| the measure in which prices are |
| the portion of deposits that banks are required to keep on reserve |
| deposits that private banks hold on reserve at the Federal Reserve |
| any reserves held by a bank in excess of those required |
| what people trade for goods and services |
| the items that a firm owns |
| a means for holding wealth |
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