AP Macro Unit 4 Vocab #2

AP Macro Unit 4 Vocab #2

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

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15 questions

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1.

FLASHCARD QUESTION

Front

Demand Deposits

Back

Money in a checking account at a bank.

2.

FLASHCARD QUESTION

Front

Assets

Back

Anything tangible or intangible that is owned

3.

FLASHCARD QUESTION

Front

Required Reserves

Back

The percent that banks must hold by law

4.

FLASHCARD QUESTION

Front

Liability

Back

Anything that is owed

5.

FLASHCARD QUESTION

Front

Excess Reserves

Back

The amount that the bank can loan out

6.

FLASHCARD QUESTION

Front

Federal Funds Rate

Back

The interest rate banks charge each other for one-day reserve loans.

7.

FLASHCARD QUESTION

Front

Fractional Reserve Banking

Back

Banks hold a small portion of deposits for withdrawals and loan out the rest.

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