PBMF Chapter 15 - Money and Banking

money

• Anything of value that is accepted in return for goods or services

• Document that guarantees the payment of a specific amount of money, either on demand, or at a set time with the payer named on the document.

• Type of financial investment issued by a corporation, government, or other organization.

• Security that pays interest over terms of ten to thirty years.

Banknote

• Anything of value that is accepted in return for goods or services

• Document that guarantees the payment of a specific amount of money, either on demand, or at a set time with the payer named on the document.

• Type of financial investment issued by a corporation, government, or other organization.

• Security that pays interest over terms of ten to thirty years.

Security

• Anything of value that is accepted in return for goods or services

• Document that guarantees the payment of a specific amount of money, either on demand, or at a set time with the payer named on the document.

• Type of financial investment issued by a corporation, government, or other organization.

• Security that pays interest over terms of ten to thirty years.

Government bond

• Anything of value that is accepted in return for goods or services

• Document that guarantees the payment of a specific amount of money, either on demand, or at a set time with the payer named on the document.

• Type of financial investment issued by a corporation, government, or other organization.

• Security that pays interest over terms of ten to thirty years.

treasury note

• Security that pays interest over terms ranging from two to ten years.

• Security that matures in a year or less

• Money is used in exchange for goods and services needed by individuals, businesses, and governments.

• Money is a common measure of what something is worth or price of a good or service

treasury bill

• Security that pays interest over terms ranging from two to ten years.

• Security that matures in a year or less

• Money is used in exchange for goods and services needed by individuals, businesses, and governments.

• Money is a common measure of what something is worth or price of a good or service

medium of exchange

• Security that pays interest over terms ranging from two to ten years.

• Security that matures in a year or less

• Money is used in exchange for goods and services needed by individuals, businesses, and governments.

• Money is a common measure of what something is worth or price of a good or service

unit of value

• Security that pays interest over terms ranging from two to ten years.

• Security that matures in a year or less

• Money is used in exchange for goods and services needed by individuals, businesses, and governments.

• Money is a common measure of what something is worth or price of a good or service

store of value

• When money can be saved and used at a later date.

• Mechanism a nation uses to provide and manage money for itself

• Process of transferring money from one individual or organization to another.

• Plastic card that allows the holder to make credit purchases up to an authorized amount.

monetary system

• When money can be saved and used at a later date.

• Mechanism a nation uses to provide and manage money for itself

• Process of transferring money from one individual or organization to another.

• Plastic card that allows the holder to make credit purchases up to an authorized amount.