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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| central bank | an institution that lends money to other banks;also, the place where the government does its banking business
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| certificates of deposit | timed deposit that states the amount of the deposit,maturity,and rate of interest being paid.
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| checking accounts | an account in which deposited money can be withdrawn at any time by writing a check
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| coins | metallic form of money such as pennies,nickels,and dimes
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| commercial banks | a financial institution that offers full banking services to individuals and businesses.
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| credit unions | nonprofit service cooperative that accepts deposits,makes loans,and provides other financial services.
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| currency | both coins and paper money
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| discount rate | the interest rate the fed charges on its loans
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| federal open market committee | the most powerful committee of the fed,because it makes the decision that affect the economy as a while manipulating the money supply
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| monetary policy | policy that involves 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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| open market operations | purchase or sale of U.S government bonds and Treasury bills
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| reserve | a certain percentage of deposits that banks have to set aside as cash in their own vaults or as deposits in their federal reserve district bank.
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| savings account | an account in which customers receive interest based on how much money they have deposited
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| savings and loan associations | financial institutions that traditionally loaned money to people buying homes
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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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