Money

Front

ATMs receive deposits, give out funds, accept payments, and ______________.

Back

transfer funds between accounts

Front

The Federal Reserve System was established to ______________.

Back

control the amount of money in circulation

Front

Representative money is money that is _______________.

Back

backed by a valuable item, such as gold

Front

Which of the following is not a function of money? medium of exchange, unit of accounting, store of value

Back

interest-bearing instrument

Front

The FDIC was created to _______________.

Back

increase depositors' confidence in the banking system with insurance

Front

One of the drawbacks of electronic funds transfer is _______________.

Back

the possibility of tampering is increased because records are stored on a computer

Front

A seller accepting money for a service reflects the use of money as _______________.

Back

a medium of exchange

Front

Money that is a measure of value functions as ________________.

Back

a unit of accounting

Front

Placing money in a checking account is an example of using money as _________________.

Back

a store of value

Front

Money that is durable ____________.

Back

can withstand wear and tear