Econ 16 Money & Banking

Econ 16 Money & Banking

Assessment

Flashcard

Other

10th Grade

Practice Problem

Hard

Created by

Narin Kim

FREE Resource

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9 questions

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1.

FLASHCARD QUESTION

Front

Definition of Money

Back

Anything that is widely and generally accepted for goods & services

2.

FLASHCARD QUESTION

Front

Definition of Barter Trade

Back

The direct exchange of products can take different forms

(e.g. salt, coins, cowrie sea shells, animals and more...)

3.

FLASHCARD QUESTION

Front

Key terms - Central Bank

Back

It is responsible for supervising & regulating the banking & financial system in a country

4.

FLASHCARD QUESTION

Front

Key terms - Legal Tender

Back

A form of payment that is legally recognized in setting a dept

5.

FLASHCARD QUESTION

Front

Key terms - Interest Rate

Back

The price paid for borrowing money and the price received for lending money

6.

FLASHCARD QUESTION

Front

Key terms - Monetary Policy

Back

A way of influencing as economy through changes in the price and quantity of money

7.

FLASHCARD QUESTION

Front

Key terms - National Debt

Back

The total amount of money owed by a government as a result of borrowing

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