Money & Banking

A bank that can lend to other banks in times of need.

• City bank

• State bank

• Central Bank

• Specie

This is money by government decree, has no alternate value

• Specie

• fiat money

• gold standard

• barter

Money in the form of gold or silver coins

• Federal Reserve Note

• fiat money

• Gold certificate

• Specie

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

• Federal Reserve System

• Bank of the United States

• FDIC

• State bank

Paper currency issued by the fed

• Washington Notes

• State Notes

• Federal Reserve Notes

• Specie

Sudden rush by depositors to withdraw their deposited funds from banks

• Bank holiday

• Bank run

• Gold standard

• Panic

U.S. government institution that provided insurance on depositor’s accounts

• FDIC

• Federal Reserve

• Bank of the United States

• Central Bank

Brief period during which all banks closed to prevent bank runs

• National holiday

• Quarantine

• Lockout

• Bank holiday

System in which currency could be exchanged for a certain amount of gold.

• Federal Reserve Notes

• Legal tender

• Fiat Money

• Gold Standard

Currency that must be accepted for payment by decree of government.

• Legal tender

• Specie

• Barter

• Gold Standard