Fundamental Principles of Money

Fill in the blank: Currencies are a system of _______ in general use in a country.

• money

• transportation

• communication

• measurement

Fill in the blank: A coin is a type of money made with _______, stamped and issued by the authority of government.

• metal

• plastic

• paper

• wood

Fill in the blank: Banknotes are promissory notes issued by a _______ Reserve Bank.

• Federal

• State

• National

• Central

Fill in the blank: Treasury Bonds are a type of treasuries which have the _______ maturities of all government bonds.

• longest

• shortest

• average

• variable

Fill in the blank: Treasury Notes are a type of government bond issued with _______ maturities than T-bonds.

• shorter

• longer

• equal

• variable

Fill in the blank: Treasury Bills are government bonds issued with terms of _______, 13, 26 or 52 weeks.

• four

• six

• eight

• ten

Fill in the blank: Cash is a form of legal tender which can be used to exchange _______, debt or services.

• goods

• currency

• information

• ideas

A debit card is a payment card which provides the cardholder electronic access to their _______ account.

• bank

• credit

• savings

• investment

Fill in the blank: A personal check is a slip of paper which allows the user to make a payment from his or her bank account to a _______ or individual.

• business

• animal

• planet

• vehicle

What is the desired holding of financial assets in the form of money, such as cash and bank deposit, called?

• Money Demand

• Money Supply

• Liquidity Preference

• Cash Reserve Ratio