A special machine through which you can do bank transactions like withdrawing money. There may or may not be a fee involved.

The most numerous kind of bank used by most people for checking accounts, savings accounts, and loans

The coins and paper bills used as money in a society

A small plastic card that allows you to borrow money to make purchases which must be paid back, usually with interest.

A special plastic card that allows you to purchase items using money from your checking account.

Taking more money out of your bank account than you had in it.

What is one difference between Banks and Credit Unions?

What agencies insure banks and credit unions?

_____________ is a bank that, among other things, can lend money to other banks.

_____________ is money by government decree, has no alternative value

_____________ are a paper currency issued by the FED. this is the real name for our bills.

____________ a system in which currency could be exchanged for a certain amount of gold.

__________ is a designation printed on paper currency that says it must be accepted as payment

Which is a good synonym for the word "BARTER" in the term barter economy?

Which of the following is one of the three FUNCTIONS of money?

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

Which of these can cost you money in large interest payments?

Because fruit goes bad quickly, it is not a good ________________________ and we would not want to use it as money.

The simple interest formula is I=Prt. The P represents the principal. What is PRINCIPAL in an economic sense?

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years? (I=prt, then add I to p to get the answer)

Which of the characteristics of money can be defined as "easily moved"?

Which of the characteristics of money can be defined as "able to be broken down into smaller parts"?

Which of the characteristics of money can be defined as "Consistent or Identical"?

Put money into a bank account.

Take money out from your bank account.

The fee charged by a financial institution when you borrow money

What are the three FUNCTIONS of money?

What is the source of fiat money’s value?

You have invested $500 at 9 percent interest. According to the Rule of 72, how soon will the money double in value? (72/r = time)

The Congress of the United States printed Greenbacks to help fund the

What characteristic of money helps it keep its value and deters inflation?

What kind of interest includes "interest paid on interest"?

Which of the following is a type of banking service that allows your principal to grow through the adding in of interest?

Which of these is a fiat currency used in the colony of Connecticut in 1645?