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Money and Banking Flashcards | StudBud
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Money and Banking
Money and Banking
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Review for Unit 4 Test over money and banking.
Flashcards
15 cards
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Questions
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Answers
1
What services does the Federal Reserve provide?
distributes to global economy
regulates the supply of currency
spends currency
distributes money
2
What is the most risky investment?
Saving accounts
Bonds
Stocks
Credit Cards
3
What is an example of representative money?
Bills
Checks
4
What is the medium of exchange?
exchanging the medium price
money exchange for goods and services
determines the value during exchange of goods and services
5
Which is NOT one of the 3 functions that the Fed does with money?
make
distribute
regulate
spend
6
Which is a characteristic of money?
Retality
Uniformity
Unlimited Supply
Limited Demand
7
what pays interest on the principal and the interest in your account?
Complex
Compound
Simple
Modern
8
What new method of payment is good for paying off debts?
Bitcoin
Bonds
Stocks
Fiat
9
What is an example of commodity money?
pearls
gold
jewelry
water
10
What year was the Fed created?
1913
1931
1911
1914
11
The amount an issuer must pay buyer at maturity
par value
bonds
stock exchange
12
Who buys and sells securities for customers?
accountant
stock broker
manager
investor
13
What was the main reason for the Great Depression?
Stock Market Crash
gold standard
misguidance in the gov
Banking panics
14
What year did the stock market crash?
1930
1933
1929
1992
15
What causes bank panics?
bank falls
bank runs
banks
bull markets
