Study Guide

 A. sturdy  B. light weight  C. recognizable  D. similar color

STURDY

 A. medium of exchange  Standard of value  Recognizable currency  Store of value

Recognizable currency

 A. stability of value  Scarcity  Acceptability  Uniformity

scarcity

 A. debit card  B. paper money  C. check  D. gold coin

Gold coin

a. commodity of money b. Representative money c. Fiat money d. International money

 Representative money

 A. government backing  B. citizens backing  C. gold backing  D. silver backing

 Government backing

 A. Federal Reserve  B. FDIC  C. First Bank of the US  D. Commercial Bank

 First bank of the U.S.

 A. National bank  B. Securities and Exchange Commission  C. FDIC  D. Federal Reserve

 Federal reserve

 A. create jobs  B. insure bank deposits  C. regulate bank loans  D. help with war effort

 Insure bank deposits

 A. checking accounts  B. savings accounts  C. loans  D. currency exchange

 Currency Exchanges

 A. $50,000  B. $100,000  C. $150,000  D. $250,000

 $250,000

 A. accounts earn interest  B. continuous deposits towards accounts  C. bank error on accounts  D. customers pay interest

 Accounts earn interest

 A. increase net worth  B. pay off debts when dead  C. cash it in and purchase a Jaguar  D. tax deduction at the end of the year

 Pay off debts when dead

 A. to purchase a car  B. to remodel their home  C. to eventually retire  D. to hide money from the IRS

 To eventually retire

 A. retirement  B. paying off the house  C. grandkids college fund  D. A vacation to Italy

 A vacation to Italy!!!!

 A. remodel the house  B. purchasing a new car  C. retirement  D. Christmas shopping

 RETIREMENT

 A. stocks  B. savings accounts  C. CD’s (not the music kind)  D. mutual funds

 Stocks

 A. stocks  B. municipal bond  C. corporate bond  D. mutual funds

 Municipal Bond

 A. municipal bond  B. mutual fund  C. Treasury Bill  D. corporate bond

 Corporate Bond

 A. maturity date  B. maximum deposit  C. name of CD  D. NCUA insured

 Maturity Date

 A. profit  B. capital gains  C. tax deduction  D. net gain

 Capital Gains

 A. preferred  B. traditional  C. common  D. admiral

 Common

 A. AMEX  B. NASDAQ  C. NYSE  D. Chicago Futures Market

 NYSE

 A. stock traded electronically  B. stock traded by brokers  C. stock purchased anywhere  D. stock purchased without prescription

 Stock traded electronically

 A. AMEX  B. NASDAQ  C. NYSE  D. Chicago Futures Market

 NYSE

 A. agricultural  B. futures  C. industrial  D. technology

 Technology

 A. bear  B. bull  C. buffalo  D. bison

 Bull

 A. type of bond  B. maturity date  C. interest rate  D. name of bond

 Interest rate

 A. corporations  B. NASCAR races  C. mutual funds  D. Stock Indices

 Stock indices

 A. bear  B. bull  C. buffalo  D. bison

 Bear