Econ 10
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| show | Anything that serves as a medium of exchange, a unit of account, and a sore of value
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| show | Anything that is used to determine value during the exchange of goods and services
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| Barter | show 🗑
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| show | A means for comparing the values of goods and services
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| Store of value | show 🗑
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| Currency | show 🗑
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| Representative money | show 🗑
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| Commodity money | show 🗑
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| show | Coined money usually gold or silver, used to back paper money
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| show | Objects that have value because a government has decreed that they are an acceptable means to pay debts
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| show | Institution for receiving, keeping and lending money
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| show | Bank chartered by the federal government
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| Bank run | show 🗑
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| Greenback | show 🗑
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| Gold standard | show 🗑
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| show | Bank that can lend to other banks in time of need
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| Member bank | show 🗑
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| Forclosure | show 🗑
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| show | All the money available in the United States economy
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| Liquidity | show 🗑
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| show | Money in a checking account that can be paid out "on demand", or at anytime
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| show | Pools money from small savers to purchase short term government and corporate securities
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| Fractional reserve banking | show 🗑
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| show | Failing to pay back a loan
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| show | Specific type of loan that is used to buy real estate
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| Credit card | show 🗑
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| show | Price paid for the use of borrowed money
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| Principal | show 🗑
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| Debit card | show 🗑
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| Creditor | show 🗑
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| six characteristics of money | show 🗑
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| show | Must withstand physical wear and tear from being used over and over
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| show | Easy to carry, small and light weight
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| Uniformity | show 🗑
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| show | Easily divided into smaller denominations, so you don't have to use exact change
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| Limit of supply | show 🗑
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| show | Everyone in the economy must be able to take the objects that serves as money and exchange it for goods and services
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| show | Bank runs and panic, wildcat banks, fraud, many different currencies
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| Federal Reserve Banks | show 🗑
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| show | began in 1929 and lasted more than a decade
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| show | Deregulation and high interest rates caused competition in the market that the S&L's were not prepared for
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| FDIC | show 🗑
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| show | Assets that have liquidity and represent money that can be accessed easily and immediately to pay for goods and services
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| M2 | show 🗑
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| Functions of financial institutions | show 🗑
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| show | The largest source of income for banks comes from the interest on loans
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| show | Commercial banks, savings and loan associations, savings Banks, credit unions, finance companies
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| show | Card used to withdraw money from a bank account
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| Creditor | show 🗑
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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sudokken
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