LC Econ Banking Systems
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| Money | show 🗑
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| show | These were objects which were useful for their own intrinsic value as well as acting as a means of exchange.
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| Legal Tender | show 🗑
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| Near Money | show 🗑
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| show | Are the notes and coins in circulation plus all balances in current accounts in all licensed banks in the state.
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| M2 – The Intermediate Money Supply | show 🗑
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| M3 – The Broad Money Supply | show 🗑
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| Sale and Repurchase Agreements | show 🗑
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| show | Is the ratio of cash which the banks must hold to claims on the banks.
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| show | Is the ratio of liquid assets held by the banks to claims on the banks.
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| Liquidity Requirement | show 🗑
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| Exchequer Bills | show 🗑
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| Overdrafts | show 🗑
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| Monetary Policy | show 🗑
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| The Irish Central Bank | show 🗑
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| The Purchasing Power Parity Theory | show 🗑
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| show | Countries impose tariffs and duties on imports to protect domestic industries.
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| Rates of Exchange | show 🗑
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| show | Where the values of currencies are agreed on and each country undertakes to exchange its currency at an agreed value. The governments agree to undertake whatever action is necessary to maintain these rates of exchange.
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| show | Under the floating rates of exchange system, currencies are allowed to find their own value on the international market through the interaction of supply and demand for the currencies.
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| Exchange Rate Risk | show 🗑
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| show | Is one which trades with other economies.
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| show | Is one which does not trade with other economies.
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| show | These are essentially clearing banks which provide a broad range of retail and wholesale banking services. They were traditionally responsible for the money transmission system.
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| Merchant/Wholesaler Banks | show 🗑
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| show | Are the main provider of instalment loans for the purchase of cars, furniture and expensive consumer durable goods. They tend to carry very high rates of interest.
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| show | Is the practice of granting loans, mortgages, car loans, credit cards etc. to borrowers with poor or no credit rating.
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| show | Is where a bank with a temporary surplus of cash can lend this surplus to another bank which is experiencing a temporary shortage of cash. The loans are usually for very short periods of time.
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| show | Is the worlds central organisation for international monetary cooperation.
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| show | Is a viral source of financial and technical assistance to developing countries. It is not a bank in the common sense.
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| Re-Discount Rate | show 🗑
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| Fiscal Policy | show 🗑
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| Debt Securities | show 🗑
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