| A | B |
|---|
| BARTER ECONOMY | MONEYLESS ECONOMY THAT RELIES ON TRADE |
| MONEY | ANY SUBSTANCE THAT SERVES AS A MEDIUM OF EXCHANGE, A MEASURE OF VALUE, AND STORE OF VALUE |
| MEDIUM OF EXCHANGE | SOEMTHING ACCEPTED BY ALL PARTIES AS PAYMENT FOR GOODS OR SERVICES |
| MEASURE OF VALUE | A COMMON DENOMINATOR THAT CAN BE USED TO EXPRESS WORTH IN TERMS THAT MOST INDIVIDUALS UNDERSTAND |
| STORE OF VALUE | THE PROPERTY THA TALLOWS PURCHASING POWER BE STORED UNTIL NEEDED |
| COMMODITY MONEY | MONEY THAT HAS AN ALTERNATIVE USE AS AN ECONOMIC GOOD OR COMMODITY |
| FIAT MONEY | MONEY BY GOVERNMENT DECREE |
| SPECIE | MONEY IN THE FORM OF COINS MADE FROM SILVER OR GOLD |
| MONETARY UNITY | STANDARD UNIT OF CURRENCY |
| MONETAERY STANDARD | THE MECHANISM DESIGNED TO KEEP THE MONEY SUPPLY PORTABLE, DURABLE, DIVISIBLE, AND LIMITED IN SUPPLY |
| STATE BANK | BANK THAT RECIEVES ITS CHARTER TO OPERATE FROM A STATE GOVERNMENT |
| LEGAL TENDER | FIAT CURRENCY THAT MUST BE ACCEPTED IN PAYMENT FOR DEBTS |
| UNITED STATES NOTE | FEDERAL FIAT CURRENCE ISSUED IN 1862 THAT HAD NO GOLD OR SILVER BACKING |
| NATIONAL BANK | A PRIVATELY OWNED BANK CHARTERED BY THE FEDERAL GOVERNMENT |
| NATIONAL BANK NOTE/ NATIONAL CURRENCY | PAPER CURRENCY OF UNIFORM APPERANCE THAT WAS BACKED BY UNITED STAES GOVERNMENT BONDS |
| GOLD CERTIFICATE | PAPER CURRENCY BACKED BY GOLD PLACED ON DEPOSIT WITH THE UNITED STAES TREASURY |
| SILVER CERTIFICATE | PAPER CURRENCY INSSUED BY THE TREASURY THAT WAS REDEEMABLE IN BOTH GOLD AND SILVER |
| TREASURY COIN NOTES | PAPER CURRENCY INSSUED BY THE TREASURY THAT WAS REDEEMABLE IN BOTH GOLD AND SILVER |
| GOLD STANDARD | A MONETARY STANDARD UNDER WHICH THE BASIC CURRENCY |
| INCONVERTIBLE FIAT MONEY STANDARD | A MONETARY STANDARD UNDER THE FIAT MONEY SUPPLY CANNOT BE CONVERTED INTO GOLD OR SILVER BY ITS CITZENS |
| FEDERAL RESERVE SYSTEM | THE UNITED STATES FIRST TRUE CENTRAL BANK |
| CENTRAL BANK | A BANK THAT CAN LEND MONEY TO OTHER BANKS IN TIMES OF NEED |
| REDERAL RESERVE NOTES | PAPER CURRANCY ISSUED BY THE FED THAT EVENTUALLY REPLACED ALL OTHER TYPES OF CURRENCY |
| RUN ON THE BANK | A RUSH BY DEPOSITORS TO WITHDRAW THEIR FUNDS FROM A BANK BEFORE IT FAILED |
| BANK HOLIDAY | A BRIEF PERIOD DURING WHICH EVERY BANK IN THE COUNTRY WAS REQUIRED TO CLOSE |
| COMMERCIAL BANKS | BANKS THAT CATERED TO THE INTERESTS OF BUSINESSES AND COMMERCE |
| DEMAD DEPOSIT ACCOUNTS (DDAS) | ACCOUNTS WHOSE FUNDS COULD BE REMOVED BY SIMPLY WRITING A CHECK WITHOUT PRIOR APPROVAL FROM THE DEPOSITORY INSTITUTION |
| THRIFT INSTITUTIONS | FINACIAL INSITITUTIONS THAT ACCEPTED THE DEPOSTIS OF SMALL INVESTORS BUT DID NOT HAVE DDAS UNTIL THE MID 1970'S |
| MUTUAL SAVINGS BANK (MSB) | A DEPOSITOR-OWNED FINACIAL ORGINAZATION OPERATED ONLY FOR THE BENEFIT OF DEPOSITORS |
| SAVINGS BANKS | THRIFT INSTITUTIONS GROWING OUT OF MUTUAL SAVINGS BANKS |
| NOW ACCOUNT | A TYPE OF CHECKING ACCOUNT THAT PAYS INTEREST |
| SAVINGS AND LOAN ASSOCIATION (S & L) | A DEPOSITORY INSTITUTION THAT INVESTS THE MAJORITY OF ITS FUNDS IN HOME MORTGAGES |
| CREDIT UNION | A NONPROFIT SERVICE COOPERATIVE THAT IS OWNED BY, AND OPERATED FOR, THE BENEFIT OF ITS MEMBERS |
| SHARE DRAFT ACCOUNTS | INTEREST-EARNING CHECKING ACCOUNT ISSUED BY CREDIT UNIONS |
| DEREGULATION | THE REMOVAL OR RELAXATION OF GOVERNMENT RESTRICTIONS ON BUSINESS |
| CREDITOR | A PERSON OR INSTITUTION TO WHOM MONEY IS OWED |
