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Chapter 8: Money, Banking, Savings, and Investings Flashcards | StudBud
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Chapter 8: Money, Banking, Savings, and Investings
Chapter 8: Money, Banking, Savings, and Investings
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StudBud Administration
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A review of the federal reserve, money, banking, and investing
Flashcards
11 cards
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Answers
1
Which is an example of fiat money?
silver
copper
paper
gold
2
When a bank keeps only a small part of a customer's deposit and loans out the rest
federal reserve banking
deposit and loan banking
reserve requirement banking
fractional reserve banking
3
Which of the 6 characteristics does paper money lack?
Divisibility
Scarcity
Acceptability
Uniformity
4
Owning a share in a company
Money Market Mutual Funds
Mutual Fund
Stock
Bond
5
This is an example of a central bank
JP Morgan-Chase
Bank of America
Federal Reserve
Import-Export Bank
6
Which of these is not a function of money?
portability
standard of value
medium of exchange
stability in value
7
A security in which one loans money and receives scheduled interest payments over time.
Bond
Stock
Certificate of Deposit
Mutual Fund
8
Which is NOT a common method people prepare for retirement?
pensions
retirement plans
savings
social security
9
Which of these is not a way the federal reserve conducts monetary policy?
change taxes
discount rate
open market operations
change reserve requirements
10
Which is NOT a goal of the Federal Reserve?
continual economic growth
price stability
keep unemployment low
promote a stable banking system
11
A market in which stocks rise in value
Sheep
Bull
Cow
Bear
