Money and Banking

an arrangement by which people borrow money from a bank to buy a house, and pay back the money over a period of years

• mortgage

• overdraft

• share

• refund

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

a special machine through which you can do bank transactions

• Cash dispenser

• Automated Teller Machine

• Cashpoint

• Checkout

The coins and paper bills used as money in a society

• Prices

• Currency

• Bond

• Checks

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

A small plastic card that you use to buy goods or services (even if you don't have the amount on your account at the moment).

• Debit card

• Credit card

• Cash card

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

A special plastic card that you can use to pay for things directly from your bank account.

• Credit card

• Cash card

• Debit card

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

_____________ is a bank that can lend money to other banks in times of crisis

• Congress

• Central Bank

• Department of the Interior

• National Bank

_____________ is money by government decree, has no alternative value

• Gold standard

• Specie

• Barter

• Fiat money

____________ is money in the form of gold or silver coins

• Fiat

• Shilling

• Specie

• Pence

____________ is the privately owned, publicly controlled central bank of the U.S.

• J.P. Morgan Chase

• Bank of America

• The Federal Reserve System (FED)

• Wells Fargo

_____________ are a paper currency issued by the FED

• Specie

• Federal Reserve Notes

• Disney bucks

• Shilling