Chapter 10 money and banking
Weba monetary system in which paper money and coins are equal to the value of a certain of gold 6 characteristics of money 1. Durability: money must be able to withstand physical wear and tear 2. Portability: Easily transfer money from one person to another 3. Divisibility: Must have ability to divide into smaller denominations/units 4. WebChapter 10, Section 1 Copyright © Pearson Education, Inc. Slide 3 Key Terms •money: anything that serves as a medium of exchange, a unit of account, and a store of value …
Chapter 10 money and banking
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Webobjects that have value in themselves and that are also used as money. representative money. objects that have value because the holder can exchange them for something … WebObjects that have value in themselves and that are also used as money. Representative money Objects that have value because the holder can exchange them for something else of value. Fiat money Money that has value because the government has ordered that it is an acceptable means to pay debts Bank
http://sterlingsocialstudies.weebly.com/uploads/8/8/6/6/8866655/econ_onlinelecturenotes_ch10_s1.pdf WebMishkin Money and Banking: Chapter 10. Term. 1 / 25. bank failure. Click the card to flip 👆. Definition. 1 / 25. when a bank is unable to meet its obligations to pay depositors and other creditors, therefore they must go out of business; -people would have to wait until the bank was liquidated in order to get their assets back at a fraction ...
WebEconomics Chapter 10 - Money and Banking Term 1 / 41 Money Click the card to flip 👆 Definition 1 / 41 Anything that serves as a medium of exchange, a unit of account, and a store of value Click the card to flip 👆 Flashcards Learn Test Match Created by Sharmaine_Bowen04 Terms in this set (41) Money Webbank. an institution for receiving, keeping, and lending money. national bank. a bank chartered, or licensed, by the national government. bank run. widespread panic in which …
WebA means for comparing the values of goods and services Store of value Something that keeps its value if it is stored rather than used Currency Coins and paper bills used as …
WebChapter 10 Money and Banking Review Questions 5.0 (1 review) Term 1 / 30 A dollar bill typically lasts Click the card to flip 👆 Definition 1 / 30 1 year in circulation. Click the card to flip 👆 Flashcards Learn Test Match Created by deidra_ollie Terms in this set (30) A dollar bill typically lasts 1 year in circulation. int home loanWebChapter 10: Innovation and Structure in Banking and Finance. Chapter Introduction. Early Financial Innovations. Innovations Galore. Loophole Mining and Lobbying. Banking on … int homeWebChapter 10: Money and Banking STUDY Flashcards Learn Write Spell Test PLAY Match Gravity The FDIC was created in Click card to see definition 👆 1934 Click again to see term 👆 1/37 Created by Trenton_Hetherington Terms in this set (37) The FDIC was created in 1934 The prime interest rate is the interest rate that banks charge high-quality borrowers int home improvementWebEcon Chapter 10 Test-Money and Banking. Term. 1 / 45. money whose value is based on the type of material from which it is made is called. Click the card to flip 👆. Definition. 1 / … new kennedy square food courtWebMoney serves as a medium of exchange, which is anything that is used to determine value during the exchange of goods and services. Money provides a means for comparing the … inthomycinWebA system that used actual gold coins as a country’s money. A system in which a country’s money is backed with gold. A currency system in which each dollar is worth 1/20 of a … new kennedy squareWebM1. US money supply that is coins currency and demands deposits. M2. US money supply that is the largest overall accounting for money. State Bank. Early banks of America. Legal Tender. a medium of payment recognized by a legal system to be valid for meeting a financial obligation. int home บางมด