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 | metallic form of money such as pennies, nickels and dimes
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| currency | both coin 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 | a traditional institution that loans money to buy a home
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| credit union | a non profit service cooperative that accepts deposits, makes loans, and provides other financial services
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| central bank | the bank that gives loans to other banks, also where the government dose there banking
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| federal open market committee | most powerful committee of the FED
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| monetary policy | policy that involves changing the amount of money made for the amount of credit used
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| discount rate | the interest rate the Fed charges on its loans
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| reserve | a certain percentage of a banks own money they must put to the side for the federal reserve
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| open market operations | purchase or sale of U.S. government bonds and treasury 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| checking account | an account in which deposited money can be withdrawn at anytime by writing a check
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| savings account | an account where customers receive interest based on how 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.
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:
robertolulecaballero
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