Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

CH 10-1 Macro--JW

Vocabulary Macro-JW

QuestionAnswer
Money Anything that people will accept in exchange for goods and services.
Medium of exchange A means through which goods and services can be exchanged.
Barter The exchange of goods and services without using money.
Standard of Value Determines the economic worth in the exchange process.
Store of value It is something that holds its value over time.
Commodity Money Has intrinsic value based on the material from which it is made.
Representative money Paper money that is backed by something tangible, such as silver or gold.
Fiat money Money declared by the government and accepted by the people to have worth.
Money Anything that people will accept in exchange for goods and services.
Medium of exchange A means through which goods and services can be exchanged.
Barter The exchange of goods and services without using money.
Standard of Value Determines the economic worth in the exchange process.
Store of value It is something that holds its value over time.
Commodity Money Has intrinsic value based on the material from which it is made.
Representative money Paper money that is backed by something tangible, such as silver or gold.
Fiat money Money declared by the government and accepted by the people to have worth.
Currency Paper money and coins
Demand Deposits Checking accounts
Near money Savings accounts and "time deposits" that can be converted to cash relatively easily.
Intrinsic value The value of something based on the perception of what is valuable.
Tangible An item that can be seen or touched; has form.
Purchasing Power Sometimes known as "buying power." How much one can purchase with given dollar amount.
time deposits Savings accounts or other financial instrument where money is expected to "sit" and draw interest for a specified time frame.
Liquid assets Something that can be turned in to cash easily.
M1 Liquid assets. Physical money plus checking accounts.
M2 All of M1 plus savings accounts, CDs, and money market accounts.
Created by: joannw15
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards