civics chapter 24
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| coin | metalic forms of money such as pennies and nickels
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| currency | coins and paper money
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| commercial bank | financial institutions that offer full banking services to individuals and businesses
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| savings & loan association | financial institutions that traditionally loaned money to people buying homes
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| credit union | nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services.
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| central bank | federal reserve system known as Fed
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| federal open market committee (FOMC) | makes the decisions that affect the economy as a whole by manipulating, or controlling, the money supply.
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| monetary policy | the controlling of the supply of money and the cost of borrowing money, credit, according to the needs of the economy
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| discount rate | the rate the fed charges member banks for loans
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| reserve | a certain percentage of deposits that banks have to set aside as cah in their own vaults or as deposits in their federal reserve district bank
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| open market operations | purchase or sale of U.S. government bonds adn treasury bills
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| checking account | an account in which deposited money can be withdrawn at any time by writing a check
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| savings account | an account in which cutomers receive interest based onhow much money they have deposited
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| certificate of deposit | timed deposit that states the amount of the deposit, maturity, and rate of interest being paid
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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