Fiat money - Study guides, Class notes & Summaries

DSST Money & Banking Question and answers correctly solved 2023/2024 Fiat Money - correct answer Money that isn't tied to reserves such as gold, rather is guaranteed by the government's trustworthiness. Has no intrinsic value. Exists in currency bills form and bank deposits. M1 - correct answer The sum of all money held by businesses and individuals (incl. traveler's checks) and checkable deposits. M2 - correct answer The category that contains all funds included in M1, as well as savi...

central bank correct answers a national bank that provides financial and banking services for its country's government and commercial banking system, as well as implementing the government's monetary policy and issuing currency. european central bank correct answers central bank for the euro and administers monetary policy of the Eurozone, which consists of 19 EU member states and is one of the largest currency areas in the world. federal reserve system correct answers is the central ban...

DSST Money & Banking Complete Test Guide Questions 2024. Fiat Money - correct answer Money that isn't tied to reserves such as gold, rather is guaranteed by the government's trustworthiness. Has no intrinsic value. Exists in currency bills form and bank deposits. M1 - correct answer The sum of all money held by businesses and individuals (incl. traveler's checks) and checkable deposits. M2 - correct answer The category that contains all funds included in M1, as well as savings deposits...

money function correct answers Medium of exchange unit of account store of value store of value correct answers if you place a part of your summer savings account, you are using money primarily as a medium of exchange correct answers if you write a check on a bank to purchase a used Honda Civic you are using money primarily as unit of account correct answers a $200 price tag on a cashmere sweater in a department store window is an example of money functioning as a means of payment...

What is fiat money? (a) Currency that is not backed by any precious metals. (b) Currency backed by silver and gold. (c) Currency backed by gold only. (d) Currency backed by platinum. - ANSWER-a Congress created the Federal Housing Administration in . a. 1949 b. 1939 c. 1984 d. 1934 - ANSWER-d In order to qualify for exemption from capital gains, the property must have been the prima- ry residence for two of the previous _____ years. a. 6 b. 3 c. 5 d. 4 - ANSWER-c...

What is money - The most common exchange/means of payment. EX) cash, credit card, food Cash and checkable bank deposits are most liquid Not the same thing as wealth Assets like cars, houses, securities (stocks, bonds, mutual funds) are not money Those assets have low liquidity therefore take time to convert into cash Commodity Money - money with intrinsic value; has value even if not used as money EX) gold Fiat Money - money without intrinsic value; made valuable by law. EX) paper money, p...

Champions Real Estate Finance Exam Questions with correct Answers 100% Verified Residential Mortgages have two categories - answerConventional Loans & Government Loans Portfolio Loans - answerLoans not sold in secondary market Conventional Conforming Loans - answerLoans purchased in the secondary market that meet Fannie Mae & Freddie Mac standards Four C's of Creditworthiness - answerCharacter, Capacity, Capital, & Collatareal Character - answerA measure of the willingness of borrower ...

Which of the following is considered money in our economy? Currency True or false. Fiat money is counterfeit money. False The M2 definition of the money supply includes all of the following, except U.S. savings bonds. money market accounts. savings accounts. currency. U.S savings bonds

absolute advantage - when one person or country can produce goods with a smaller input of resources than another business cycle - expansion, peak, recession, trough capital gains - the increase in value of capital assets cause market failures - monopolies, taxes, regulations closed shop laws - require that in certain industries, workers have to be members of a labor union comparative advantage - when one producer has a smaller opportunity cost of producing a good or service compared to an...

Annual Percentage Rate (APR) - The yearly cost of credit. Interest Rate plus finance charge. portfolio analysis - the process by which management evaluates the products and businesses that make up the company portfolio investment - investment that does not involve obtaining a degree of control in a company comprehensive insurance - covers your car for reasons other than a collision such as theft and vandalism Gap Insurance - Covers the difference between what you owe on a car and wha...