WebStudy with Quizlet and memorize flashcards containing terms like "cast of characters" of money supply, Central Bank (Federal Reserve System), Banks (Depository Institutions) and more. ... Chapter 14 - Money and Banking. Flashcards. Learn. Test. Match "cast of characters" of money supply. WebChapter 14 Banking Bank Click the card to flip π Financial institutions that receive deposits into accounts, lend money and render other services Click the card to flip π 1 / 77 Flashcards Learn Test Match Created by ngo_t_xuan Terms in this set (77) Bank
Chapter 14: Money and Banking Flashcards Quizlet
WebChapter 14- Banking Flashcards Quizlet Chapter 14- Banking Term 1 / 34 ABA routing number Click the card to flip π Definition 1 / 34 coding system developed by the American bankers association and used on checks to identify the location of the bank; also called bank number or transit Click the card to flip π Flashcards Learn Test Match Created by WebThe ease with which it can be converted quickly into cash will little or no loss of purchasing power. Money is a ______ of some item or group of items that is used as a medium of exchange. A. Flow. B. Stock. C. Check able deposit. D. Function. B. Stock. M1 is a component of the U.S. A. Imports. mockup stationery psd
Chapter 14 - Money and Banking Flashcards Quizlet
WebOpen-Market Operation. The purchase or sale of assets by a central bank. For the Bank of Canada, normally these assets are Government of Canada bonds, but they may also be foreign exchange. Deposit Switching. The shifting of government deposits between the Bank of Canada and the commercial banks. Weba medium of exchange such as cattle or gems that has value as a commodity or good aside from its value as money. representative money. money that is backed by an item of value, such as silver or gold. fiat money. money that has value because a government fiat, or order, has established it as acceptable for payment of debts. WebStudy with Quizlet and memorize flashcards containing terms like What are the 3 functions of money?, What are the components of M1 and M2?, In the U.S, why is money debt and who holds the debt? and more. ... Chapter 14 - Money and Banking. Flashcards. Learn. Test. Match. Flashcards. Learn. Test. Match. Created by. JohnWin18. Terms in this set ... mockup sticker rectangular