Chapter 11- The United States Banking System Worksheet

The trading of goods and services
the way that money serves as something that both buyers and sellers will accept
the way that money serves as something that can be exchanged for the value of something else
the way that money helps to determine how much something is woth
the ability of money to maintain a certain value over a period of time
the ability of money to be small, light, and easy to carry
the ability of money to have the same size, weight, appearance, and value as money of the same kind
the ability of money to be divided up evenly into exact change
the ability of money to last a long time and withstand wear and decal
one who searches around a new place
a place that makes coins
to put money into a bank
the name given to Union money, which was black on one side and green on the other
legal currency that must be accepted in payment of a debt
money, either coins or bills
things that show ownership of something or proof of debt; examples are bonds, gold certificates, notes, drafts, and bills of exchange
a bank whose main function is to receive deposits and make short-term loans
a loan company, mutual savings bank, or credit union
a company that allows people to put money in an account and to borrow money, often to buy a home
a bank that accepts smaller deposits than commercial banks
a company that provides low-cost loans and savings accounts; members own and run the credit union
a document that shows details about an account
the act of returning a check to the bank when there are not funds to cover the check; also called "bouncing" a check
a report that shows how well someone can manage their money and pay off debts and bills
a percentage of money from deposits that a bank must keep around in case the money is needed.
banking by a computer