FINMA PART2

Legal tender means:

• It is illegal to reject money

• Money can be legally used to pay debts

• Government approval is required to accept it

• It must be deposited in banks

Process of creating uniform coins from metals.

• Minting

• Bartering

• Printing

• Coinage

The coin is a product of:

• Paper manufacturing

• Coinage

• Engraving

• Digital stamping

Coins are issued by:

• Private companies

• Banks

• Government

• Individuals

Ratio of pure gold or silver to the total weight of the coin.

• Durability

• Fineness

• Stability

• Homogeneity

Place where coins are manufactured.

• Bank

• Foundry

• Mint

• Treasury

Metals are cast into bars called:

• Blanks

• Rounds

• Ingots

• Discs

Ingots are made into:

• Coins

• Rolls

• Strips

• Bills

Punched out of the strips of metal.

• Paper notes

• Blanks

• Coinage

• Sheets

Raised edge formed on coins under pressure is called:

• Coin rim

• Edge lock

• Upset rim

• Groove