Economics CH 11 Vocab for Ponder
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| show | mechanism by which money is kept portable, durable, divisible, and limited in supply
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| show | legal tender printed by the Union during the Civil War that was not backed by gold or silver
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| show | bank that caters to the needs of business and commerce
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| barter economy | show 🗑
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| show | monetary standard under which currency can be exchanged for gold
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| show | depository institution that invests most of its funds in home mortgages
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| medium of exchange | show 🗑
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| show | fiat money that must be accepted in payment for debt
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| Federal Reserve Note | show 🗑
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| show | paper currency backed by gold
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| NOW accounts | show 🗑
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| money | show 🗑
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| greenback | show 🗑
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| credit union | show 🗑
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| state bank | show 🗑
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| show | paper currency backed by silver dollars and bullion
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| run on the bank | show 🗑
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| fiat money | show 🗑
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| show | nation's central bank
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| National Banking System | show 🗑
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