| A | B |
|---|
| What term represents property used to get a loan from a bank? | collateral |
| When does money lose its value? | becomes too plentiful |
| Why was the FDIC established | to insure customer deposits in the event of a bank failure |
| What is the basic structure of the Federal Reserve System? | 12 Federal Reserve banks and 25 additional branch banks |
| What are liabilities? | the debts and obligations to others |
| What are assets? | The properties, possessions, and claims on others |
| What is a term meaning assets minus liabilities? | net worth |
| What term refers to assets that can be converted into cash in a short period of time? | liquidity |
| What is the paper component of the money supply printed by the Bureau of Engraving and Printing? | currency |
| What is the portion of the money supply produced by the Bureau of the Mint? | coins |
| What is the name for the nation’s central bank? | Federal Reserve System |
| Who appoints the chairman of the Federal Reserve System? | President |
| What nonprofit organization is owned by and operated for the benefit of its members? | Credit Union |
| What are the characteristics of money? | a portable, durable, divisible, and limited supply |
| What amount of individual account coverage is provided by the FDIC? | $2,500 per account |
