FF: 15.1 Understanding Money

Anything of value that is accepted in return for goods or services

• Money
• Banknote
• Security
• Gov't Bond

Document guaranteeing the payment of a specific amount of money & payer named on document

• Money
• Banknote
• Security
• Gov't Bond

Financial investment issued by a corporation, gov't or other organizations

• Security
• Treasury Bill
• Gov't Bond
• Treasury Note

Security that matures in a year or less

• EFT
• Medium of Exchange
• Treasure Note
• Treasury Bill

Security that pays interest over terms ranging from two to ten years

• Treasury Note
• Gov't Bond
• Banknote
• Security

Security that pays interest over terms of ten to thirty years.

• Security
• Gov't Bond
• Treasury Note
• Treasury Bill

Can be saved and used at a later time

• Medium of exchange
• Unit of value
• Store of value
• Monetary policy

Used in exchange for goods and services needed by individuals, businesses, and governments

• EFT
• Unit of Value
• Medium of Exchange
• Security

Money is a common measure of worth or price of a good or service.

• Store of Value
• Financial Exchange
• Monetary System
• Unit of Value

Our nation's central bank

• Open Market Committee
• Member Bank
• Federal Reserve System
• National bank