Money and Banking

Front

It allows us to trade

Back

Means of Exchange

Front

The coins and paper bills used as money in a society

Back

Currency

Front

_________ is the privately owned, publicly controlled central bank of the U.S.

Back

The Federal Reserve System

Front

__________ is a U.S. government institution that provides insurance on depositor's accounts.

Back

FDIC

Front

You can easily carry money in a pocket or a purse. This reflects what characteristics of money?

Back

portability

Front

________ is money by government decree, has no alternative value

Back

Fiat Money

Front

Money of another country

Back

foreign currency

Front

An arrangement by which people borrow money from a bank to buy a house, and pay back the money over a period of years.

Back

mortgage

Front

A special machine through which you can do bank transactions

Back

Automated Teller Machine

Front

One of the equal parts into which the ownership of a company is divided

Back

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