Definitions
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 | metallic form of money
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currency | both coin and paper money
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commercial bank | a financial institution that offers full bacnking services
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Savings and Loans Association | financial institutions that traditionally loaned moneyto people buying homes
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credit union | Non profit service cooperative that accepts deposits, makes loans, and provides other financial services
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cerntral bank | an institution that lends money to other banks
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Federal Open Market committee | the most powerful committee of the fed, because it makes decisions that affect the economy
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discount rate | the interest rate the fed charges on its loans
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reserve | a certain percentage of deposite that banks have to set aside as cash in their own vaults or as deposite in there federal reserve.
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open market operations | purchase or sale of US government bonds and tresury bills
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checking account | an account in which deposited money can be withdrawn at anytime by writing a check
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saving account | an account in which costomers receive interest based on how much money they have deposited
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certificate of deposite | timed deposite that states the smount of the deposite
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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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Created by:
maxfuentes
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