chap 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 | metallic form of money such as pennies nickles and dimes
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currency | both coins and paper money
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commercial bank | a financial institution that offers full banking services to individuals and businesses
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saving and loan association | financial institution that traditionally loan 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 | an institution that lends money to other banks also the place where government does its banking business
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federal open market cmmitte | the most powerful committee of the fed because it makes the decisions that affect the economy as a whole manipulating the money supply
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monetary policy | policy that invokes changing the rate of growth of the money supply in circulation in order to affect the cost and availability of credit
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discount rate | the interest rate that the fed charges for its loans
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reserve | a certain percentage of deposits that banks have set aside as cash in their own vaults or redeposit in the federal reeve distract bank
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open market operations | purchase or sale of the us government bands treasury
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checking account | an account in which deposited money can be withdrawn at any time by a written check
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saving account | an account in which customers receive interest based on how much money they have deposited
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certification of deposit | timed deposit that states the amount of the deposit maturity and rate of the 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.
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.
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:
somonnemclean
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