ITB Unit 3 Test Review

A secure box in a bank's vault used for the safe storage of a customer's valuables.

• mortgage

• safe-deposit box

• padlock box

• take-home pay

A system in which goods and services are directly exchanged using money

• direct deposit

• monetary system

• federal reserve system

• banking system

Funds set aside for emergencies, such as a rush of withdrawals.

• money

• reserves

• resources

• subsidies

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

• money

• trade

• bank account

• interest

Banks that offer the entire range of banking services, such as checking and savings accounts, loans, and financial advice.

• commercial banks

• brokerage firms

• credit unions

• insurance companies

To put money into an account

• deposit

• interest

• withdrawal

• subsidies

The exchange of goods and services among nations

• free trade

• balance of trade

• international trade

• comparative advantage

Financial institutions that provide loans specifically for buying a home or business.

• mortgage companies

• brokerage firms

• commercial banks

• credit unions

Property or goods pledged by a borrower to use as security against a loan if it is not repaid.

• collateral

• monopoly

• interest

• mortgage

Commerce conducted wholly within one state.

• imports

• exports

• intrastate commerce

• privatization