Money — functions?
Medium of exchange, unit of account, store of value.
Types of Money — examples?
Commodity, representative, fiat, greenbacks.
Bond — key feature?
Pays interest and matures at par.
Money — functions?
Medium of exchange, unit of account, store of value.
Types of money?
Commodity, representative, fiat, greenbacks.
Gold standard — effect?
Limited money supply, backed by gold.
Bonds — features?
Debt, periodic interest, matures at par.
Central banks — roles?
Regulate money, supervise banks, lender of last resort.
Market trends — types?
Bull (rising), bear (falling).
Mortgage loans — secured by?
Real estate; foreclosure enforces repayment.
Diversification — purpose?
Reduces investment risk.
Test your knowledge with 9 questions on Fundamentals of Money and Banking.
1. What is the primary function of money in an economy?
2. Which type of money is backed by a physical commodity such as gold?
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