Bus 10 Chapter 20

Lakukan tugas rumah & ujian kamu dengan baik sekarang menggunakan Quizwiz!

Money

Anything people generally accept as an intermediary form of exchange for goods and services

Nonbanks

Financial institutions that accept no deposits, but offer many of the services provided by regular banks

M2

M1 + money that may take a little time to obtain (savings accounts, mutual funds etc.)

M3

M2 + big deposits like institutional money market funds

exchange

Money _______ : Allows companies to go to a bank and exchange currencies to use in a particular country

M1

Money that can be accessed quickly (coins, paper money, travelers' checks, etc.)

National Credit

The _____ ______ Union Administration (NCUA): Provides up to $250,000 coverage per individual depositor per institution

Federal Deposit

The ______ ______ Insurance Corporation (FDIC): An independent agency of the U.s. government that insures banks deposits up to $250,000

Savings Association

The ______ ______ Insurance Fund (SAIF): Insures holders of accounts in savings and loan associations

Money Supply

The amount of money the Federal Reserve makes available for people

Barter

The direct trading of goods or services for other goods or services

Falling Dollar

____ ____ value: The amount of goods and services you can buy with a dollar decreases. (exports rise)

World Bank

____ _____ : Lends most of its money to less-developed nations to improve their productivity and help raise standards of living and quality of life

Time Deposit

____ _____A savings account; a bank can require a prior notice before you make a withdrawal

Demand

_____ Deposit: The technical name for a checking account; money is available on demand from the depositor

Electronic Transfer

_____ Funds ______ (ETF) System: Messages about a transaction are sent from one computer to another so funds can be transferred quickly and more economically

Debit Card

_____ ____ : Serves the same function as a check; it withdrawals funds from a checking account

Smart Card

_____ _____ : A combination of a credit card, debit card, phone card, driver's license, and more

Credit Unions

_____ _____ : Nonprofit, member-owned financial cooperatives that offer the full variety of banking services to their members

Savings Loan

_____ and _____ Associations (S&Ls) : A financial institution that accepts both savings and checking deposits and provides home mortgage loans

Letter Credit

_____ of _____ : A promise by to pay the seller a given amount if certain conditions are met

Open Market

_____-______ Operations: The buying and selling of government bonds

Discount Rate

______ ____: The interest rate the Fed charges for loans to member banks

Reserve Requirement

______ ______ : The percentage of commercial banks' checking and savings account (cash) that must keep in the bank or in non-interest-bearing deposits at the local Federal Reserve district bank

Rising value

______ dollar ______ : The amount of goods and services you can buy with a dollar increases. (exports fall)

Banker Acceptance

______'s ________: A promise the bank will pay some specified amount at a particular time

Commercial Bank

_______ ______ : A profit-seeking organization that receives deposits from individuals and corporations in the form of checking and savings accounts and uses those funds to make loans

Certificate

_______ of Deposit: A savings account that earns interest, to be delivered on the certificate's maturity date

International Monetary Fund

__________ ________ ____ (IMF): Fosters cooperative monetary policies that stabilize the exchange of one national currency for another. About 185 countries are a part of the IMF


Set pelajaran terkait

Brokerage Real Estate Chapter 2 Unit 1-3

View Set

ch4 malik, CS 150 Chapter 3, Chapter 1 - C++ Programming, Chapter 2 - C++ Programming

View Set