| A | B |
|---|
| Lender of Last Resort | When banks borrow funds to satisfy their customer's withdrawals, the Fed is acting as this |
| Deposits | The primary functions banks performs is accepting money in the form of these |
| Mortgage Loan | A loan used to buy property |
| Reserve Requirement | The percentage of total deposits |
| President | The person who choses the Fed's Board of Governors |
| Credit Union | Banks made up of individuals who work for the same company or community organization |
| Automated Clearing House (ACH) | The Fed maintains this to process electronic funds transfers and payment-related information |
| Money | The medium, or go-between, that facilitates the exchange between buyers and sellers |
| FSLIC (Federal Savings and Loan Insurance Corporation) | Savings and Loans were insured by this until 1989 |
| Bureau of Printing and Engraving | Where all currency is printed |
| Commodity Money | When used as money, gold, silver, pigs, and apples are called this |
| Individual Loans | Loans made to people for vacations |
| Electronic Funds Transfer (EFT) | The system used by corporations for payroll for direct deposit of payroll checks |
| Commercial Banks | Most banks in the USA are this type of bank |
| Congress | The Federal Reserve System was created by this body |
| Government Securities | Investments such as Treasury Notes and Treasury Bills |
| Currency | Paper money and coins provided by a government |
| Open Market Operations | The sale or purchase of government securities by the Fed |
| Time Deposit | Money placed in a Certificate of Deposit |
| Barter | The process of trading goods and services directly for other goods and service |
