Economics- Money

another word for money

• barter
• economics
• currency
• price

How much people want something

• supply
• demand

The making, buying and selling of goods and services

• economics
• inflation
• market
• barter

Who proposed the first National Bank?

• James Madison

• Andrew Jackson

• Alexander Hamilton

• Aaron Burr

Up to how much money will be covered if your bank collapses

• $25

• $250,000

• $2,500

• $2,500,000

The reserve requirement is the formula used to compute the amount of a depository institution’s required reserves.

• True
• False

money by government decree; has no alternative value or use as a commodity

• gold standard
• stock
• fiat money
• reserve requirement

a commercial bank chartered by the National Banking System 

•  national bank 
• corporation
• central bank 
• reserve requirement

a system in which the basic unit of currency is equivalent to, and can be exchanged for, a specific amount of gold

• corporation
• fiat money
•  stock
• gold standard

a bank that can lend to other banks in times of need, or a “bankers’ bank”

• central bank
•  corporation 
• national bank 
• Federal Reserve System (Fed)