Ch 10 Money & Banking

The exchange of goods without the exchange of money

• trade
• Barter System
• credit cards
• checking

Something that keeps its value when its stored rather than used

• Store of Value
• Unit of Account
• Medium of Exchange
• Portability

Means of comparing goods and services

• Medium of Exchange
• Unit of Account
• Store of Value
• Uniformity

anything that is used to determine value during the exchange of goods and services.

• Store of Value
• Unit of Account
• Medium of Exchange
• Barter System

When people can take their money with them easily

• Portability
• Uniformity
• Durability
• Divisibility

Money can withstand physical wear and tear

• Uniformity
• Durability
• Divisibility
• Portability

All of the money available in the US economy

• Treasury
• Money Supply
• Banks
• Congress

Which of the following are banking services

• Issuing credit cards
• Issuing loans
• storing money
• all of the above

The price paid for borrowed money

• Barter
• Loan
• Mortgage
• Interest

This is a system where a reserve, or part, of a deposit needs to be kept on hand.

• Aggregate Measures
• Fractional reserve system
• multiplier effect
• Primary reserve