10 Money, Banking, The Federal Reserve
Authored by Nicole Anne De Almeida
Social Studies
12th Grade
Used 9+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an economy in which trades are made in goods and services instead of money
barter economy
medium of exchange
loanable funds market
Federal Reserve System
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the costs associated with the time and effort needed to search out, negotiate and complete an exchange
transaction costs
barter economy
demand deposit
reserve account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a good that is widely accepted in exchange and in the repayment of debt
money
savings account
transaction costs
currency
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
anything that is generally acceptable in exchange for goods and services
medium of exchange
unit of account
store of value
money
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a common measurement used to express value
medium of exchange
unit of account
store of value
money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something with the ability to hold value over time
medium of exchange
unit of account
store of value
money
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a banking arrangement in which banks hold only a fraction of their deposits and lend out the remainder
fractional reserve banking
demand deposit
loanable funds market
federal open market committee
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