Ch. 9 Monetary Policy Quiz

It must last

Break into smaller parts

Be able to carry around

People must be willing to take it in a trade.

Recognizeable and Measurable

Be able to carry around

Break into smaller parts

It must last

It must last

Retains value over time, supply is controlled

Recognizeable and Measurable

Break into smaller parts

Break into smaller parts

it must last

Recognizeable and Measurable

Be able to carry it around

Retains value over time, supply is controlled

it must last

Be able to carry around

Break into smaller parts

Retains value over time, supply is controlled

Recognizable

it must last

portable

Open Market Committee

The 12 Federal Reserve Banks

The Federal Advisory Council

The Board of Governors

To make sure that the government has enough gold to cover its expenses

To make sure that banks charge a fair amount of interest on loans

To make sure that customers do not lose money if a bank fails

To make sure banks do not fail

Representative Money

Commodity-Backed Money

Fiat Money

Commodity Money

Supervising member banks

Preparing the federal budget and setting tax rates

Printing currency through the US Treasury

Regulating the nation’s money supply

Could not always save a surplus and trade at later dates

Hard to determine the worth of goods and services.

Each person had to have exactly what the other person wanted

All of the Above

Discount money

Commodity money

Reserve money

Fiat Money

Money in checking accounts

Money that has intrinsic value on its own

Specifically created from the Federal Reserve

Money that only has value because the government says it does

Credit

Collateral

Money

Interest