What are the three basic functions of money?
Money and Savings Flashcardizz On TCI ECON Lesson 8

Flashcard
•
Social Studies
•
12th Grade
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
Back
Medium of exchange, standard of value, store of value
2.
FLASHCARD QUESTION
Front
Which characteristic is the most important for money? Options: Durability, Divisibility, Acceptability, Portability
Back
Acceptability
3.
FLASHCARD QUESTION
Front
What does FDIC stand for?
Back
Federal Deposit Insurance Corporation
4.
FLASHCARD QUESTION
Front
What is the primary role of the Federal Reserve System?
Back
To oversee and regulate banks
5.
FLASHCARD QUESTION
Front
What is a mortgage?
Back
A loan used to buy real estate.
6.
FLASHCARD QUESTION
Front
What is the rule of 72 used for?
Back
Determining how long it takes for an investment to double
7.
FLASHCARD QUESTION
Front
What is the main difference between stocks and bonds?
Back
Stocks represent ownership in a company, while bonds are loans to the issuer
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