| A | B |
|---|
| safety-deposit box | Something to place valuables in at the bank. |
| interest | The money banks pay to depositors for use of their funds. |
| deposit | Sums of money placed in an account in the bank. |
| Federal Reserve System | Responsible for controlling the amount of money in circulation. The nation's central banking organization. |
| EFT Electronic Funds Transfer | The process of moving money from one account to another through the use of computers. |
| Monetary System | Good and services are indirectly exchanged through this medium. |
| Money | Anything accepted as a standard form of payment. |
| Withdrawal | Taking money out of the bank. |
| Financial Institution | An organization for managing money. |
| bank account | Records how much money a customer has put in or taken out of his or her bank. |
| collateral | Something of value you put up for a loan. |
| Mortgage | is a deed to give the property to the lender if the loan is not paid back. |
| The Chair of the Federal Reserve System | Jerome Powell |
| M1 | Money supply components conforming to money's role as medium of exchange; such as coins and currency. |
| M2 | Money supply components conforming to money's role as a store of value; M1 savings deposits, time deposits. |
| Money Supply | The total amount of money in the economy at any given time. |
