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Money and Banking Flashcards | StudBud
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Money and Banking
Money and Banking
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1
Which of the following is an example of representative money?
bullets
Silver Certificate
fiat
legal tender
2
What is the largest source of income for commercial banks?
fees on checking accounts
interest they get from loans
deposits
stocks
3
Money system that gets its value because the government declares it has value...
fiat
gold standard
commodity
representative
4
The function of money that means that it is used to compare the value of goods and services ...
Measure of Value
Paradox of Value
Medium of Exchange
Store of Value
5
This is a statistic that represents how much demand there is for a stock.
dividend
closing price
PE ratio
yield
6
The direct exchange of goods and services is called ...
Durability
Money
Barter
Currency
7
According to Moody's, which bond rating carries the least amount of risk?
A+
Aaa
BBB
D
8
One way an investor can reduce risk is ...
junk bonds
diversification
buy stock in just one company
loan money to Mr. Riesgraf
9
What is the term for a loan used to purchase real estate?
iou
mortgage
FDIC
tuition
10
A share of stock represents ...
equity
both
ownership
11
The New York Stock Exchange handles all of its trading on the internet.
False
True
12
This stock index consists of 30 stocks that supposedly represent the stock market as a whole.
S&P 500
Russell 1000
NASDAQ
Dow Jones Industrial Average
13
A companies stock is considered a(n) ____ stock if it pays a high dividend.
income
junk
preferred
growth
14
When a borrower fails to pay back a loan, they have ...
bank ran
mortgaged
defaulted
interested
15
Municipal bonds are issued by ...
companies
foreign governments
federal government
local governments
