| A | B |
|---|
| currency | all media of exchange circulating in a country |
| metallic currency | coins |
| paper currency | paper money or credit instruments |
| government currency | money printed by the government |
| bank currency | bank notes |
| deposit currency | a form of this is checks |
| Federal Reserve Act | created a system to stabalize the banking system |
| reserves | percentages of deposits that are set aside to help with liquidity drops |
| reserve liquidity | ways to convert the reserves readily to cash |
| Great Depression | began in 1929 and extended worldwide until about 1939, it was the worst and longest economic crisis of western industrialized nations during the twentieth century |
| margin | stocks bought for a fraction of their price, then resold for profit without the full purchase price of the stock ever being paid |
| bank run | when many people try to withdraw their money at once |
| Federal Deposit Insurance Corporation (FDIC) | guarantees deposits against bank failures up to $100,000 per depositor, per bank and sometimes even more for special kinds of accounts or ownership categories. |
| stagflation | when inflation rises but the economy as a whole is not doing well |
| recession | decline in total production lasting a minimum of two consecutive quarters |
