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12 Cards in this Set
- Front
- Back
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National bank |
A bank chartered,or licensed, by the national government. |
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Gold standar |
A monetary system in which paper money and coins are equal to the value of a certain amount of gold. |
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Central Bank |
Bank that can lend to other banks in times of need |
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Federal deposit ins. Corp. FDIC |
The government agency that insures customer deposits if a bank fails. |
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Liquidity |
The ability to be used as, or directly converted to,cash |
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Money market mutual fund |
A fund that pools money from small savers to purchase short-term government and corporate securities. |
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Default |
Failure to pay a back loan |
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Mortgage |
A specific type of loan that is used to buy a real estate. |
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Interest |
The price paid for the use of borrowed money. |
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Pricinpal |
The amount of money borrowed. |
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Debit catd |
A car used to withdraw money. |
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Creditor |
Person or institution to whom money is owed. |
