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| determines value during an exchange of goods and services |
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| a means of comparing the values of goods and services |
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| money keeps its value if you hold on to it |
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| inflation and price increases |
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| when money is not a good store of value |
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| must withstand physical wear and tear |
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| easily divided into smaller units |
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| units of money have the same purchasing power |
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| money kept at acceptable level |
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| everyone excepts that the money has value |
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| spanish doublooms that are lines etched easy to divide into 8 parts |
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| money object has value in and out of itself |
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| examples of commodity money |
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| money object has value because you can exchange it for something else of value |
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| money has value because the govt has decreased that it is an acceptable means to pay debts |
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| another name for fiat money |
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| an institution for recieving,keeping,and lending money |
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| for a strong central govt. |
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| leave most powers to the states |
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| many different currencies,state banks often did not have enough gold and silver to back up there currency |
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| negatives of state banking system |
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| how many banks in the 1800's? |
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| what'd north and south do in 1800? |
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Term
| national banking acts of 1863&4 |
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| gives the federal govt 3 important powers |
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| power to issue a single national currency |
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| most powerful power of the acts of 1864 and 3 |
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| condidence by population, and kept govt. from printing unlimited supply of currency |
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| Federal Reserve act of 1913 |
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| established the central bank |
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| 12 regional federal reserve banks |
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| how many regional banks in 20th centrury? |
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| the fed can increase or decrease the amount of money in circulation trying to create what? |
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| AG= what in grea depression? |
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| number from book [mr thourne right] |
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| removal or relaxation of govt. resptrictions on business |
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| high interest trates,low interest rates from loans,fraud,dereg,and bad loans |
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| new privacy rules for customer data |
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| all the money available to the U.S. economy |
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| assets with the ability to be used as or converted to cash easily |
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| M1 assists plus additional known as "near money" |
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| savings account,checking accounts |
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| money market accounts,certificates of deposit |
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