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34 Cards in this Set
- Front
- Back
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uniformity of currency means its easy to |
divide and measure |
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Compound interest paid on both |
principle and accumulated interest |
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Currency in US is called |
representative money |
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Bank that plays largest role |
commercial |
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Assets with liquidity turned |
into cash or currency |
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idk questions |
A. Represents objects it can be exchanged for |
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idk question |
C. Loaning and holding money |
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idk question |
A. an iou |
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Gives insurance up to $200,00 |
Federal Depository Insurance Corporations |
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stored value card |
like a gift card |
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freed banking era dominated by |
state chartered banks |
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federal bank powered to do everything but |
C. seize assets of any individual |
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Certificates of deposit |
A. interest over time |
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idk question |
Answer is simple |
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Liquid accept (?) |
Liquid accept (?) |
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Investment Act of: |
B used for redirecting resources used today |
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When stock market falls |
bare market |
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money lent over a year |
capital market |
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sell shares at specified time |
put option |
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buy shares at specified time |
call option |
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Mutual funds |
C not covered FDIC |
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Financial system brings together |
A. savers and borrowers |
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corporate bonds have |
low risk |
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interest on corporate bonds |
tax ordinary income |
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commoners of bond accept (maybe my notes was supposed to say except not accept idk) |
D. call option |
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par value |
at maturity |
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investors who sell stokcs for more than paid |
capital loss |
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speculation |
high risk w borrowed money hoping for big returns |
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reason for diversification |
D. reduce risk |
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Standar implores and Moody's |
rate stock and bonds |
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funded by government |
savings bonds |
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somthing about savers to borrowers |
ditto |
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3 uses of money |
medium exchange, store of value, unit of account (not sure about these found them on google) |
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6 characteristics of currency |
durable, portable, divisible, uniform, limited supply, acceptable |
