Topic 6 Vocab

Anything that serves as a medium of exchange, a unit of account or a store of value

• Greenbacks

• Reserves

• Money

• Yield

Anything used as money

• Maturity

• Per Value

• Principal

• Currency

Also called "legal tender" something that has value because the government has decreed that it is an acceptable means to pay debts

• Fiat Money

• Options

• Default

• Bank runs

Widespread panics in which great numbers of people trying to redeem their paper money at the same time

• Check clearing

• Mortgage

• Bank runs

• Portfolios

Printed in 1861, they were printed with green ink, the first paper currency issued by the U.S.

• Per Value

• Mortgage

• Money Supply

• Greenbacks

Monetary system system in which paper money and coins had the value of certain amounts of gold

• Savings Bond

• Gold Standard

• Hedge Fund

• Maturity

A seizure of property from borrowers who are unable to replay their loans

• Shares

• Speculation

• Foreclosure

• Currency

Deposits that a bank keeps readily available as opposed to lending them out

• Mortgage

• Coupon Rate

• Liquidity

• Reserves

The amount of reserves that banks are required to keep in reserve

• Reserve Requirement

• Bank runs

• Stock split

• Options

Process by which banks record whose account gives up money and whose account receives money as a result of a customer writing a check

• Gold Standard

• Check clearing

• Principal

• Savings Bond