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1

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card

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** ****** ********* ********************* receive money **** savers and ******* ***** ** ********** ** ************ ** banks

**

credit unions
d) ********* intermediaries

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10 * / * ****** ** *******

******

were accepted as * ******

**

******* ** modern-day ******* what

economic

role would **** **** ** the

*********

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*******

exchange
********

11

* *

*

point
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*

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through which ************ *** *********** ******

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******

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******

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13 1 *

*

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***** to *** ***************

**

the *******

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** *** ******** ****************** a) ********

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**

medium ** ********* ** ****** c) money
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*

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value

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******

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1

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banks

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**** ** ***** ** ********* stress

******

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d)

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**

1 *

*

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economies ****** ***** are

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c) **** ** ******** d) *****

of

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point
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two

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exchange
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1

****** *** ****** ***** ***** ***

made

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1

point
Antonio tries to

*****

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**

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________________

to store a certain

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** ***** **** he then ****

to

**** ********** a) ***** ***** b) smart ***** ** chip card
** ****** card
******** ** * * * point
Banks typically come

*****

financial stress because **** **

*

********** ******* in *** value

**

their ******* b) *** ***** **********

*******

** ***** **********

with

************* ******** gains
** *************** **

loan

assets
******* 14 ****** ******** ** 1 * * point
Lance

paid

******* for ***

house

in 2003 ***

****

it *** $325000 **

2006

**** ******** *** the

house

***** ****** *** **** ***** *****

****

** ***** ** ****** ** **** ** ********* ** **** ** ******** ** ****** of ********* ******* 14 **** balance ****** ******** 23 * * * ****** Stealth

bank

*** ******** **

****

******* ** *****

reserves

** *** *******

and

has purchased government

*****

***** **** million *** bank’s *****

**

**** ** ******* ****** ***** ***** ** worth

****

******* **** does ******* ************ net worth ******* a) ****

********

** $270 ******** ** ****

********

** $120 ******** ******** ** 1 *

*

****** ******* bank *** ********

of

$600 ******* **

*****

******** of *** million *** **********

*****

worth $80 ******* ** the **** sells *** ***** at ****** ***** ** **** million what **** *** total assets ******* a) $710 million
** **** ********

c)

**** million
** ****

million

Chapter ** Money ***********

Question

25 * * 1

******

The ****** ** **

*******

**** *** ******* ** *****

*****

is only *** **** **** ***

the

****** deposit ***** money ** *** ** ***** ** ** *** deposits ** reserves **** ** *** ***** ********** ** **** economy?
a) ** ** ** ** 10
** **