A __________ economy is a moneyless economy that relies on trade.
A __________ is something accepted by all parties as payment for goods and services.
|B)||medium of exchange|
|C)||medium of barter|
|D)||measure of value|
To be successful, money must be __________.
|A)||portable, non durable, indivisible, and limited in supply|
|B)||nontransferable, durable, divisible, and unlimited in supply|
|C)||portable, non durable, divisible, and unlimited in supply|
|D)||portable, durable, divisible, and limited in supply|
Fraudulent banks that printed large amounts of currency in remote areas to make the redemption of their currency difficult were known as __________ banks.
Since 1934 the United States has been on a(n) __________ money standard, a monetary standard under which the fiat money supply cannot be converted into gold or silver.
Concern about the safety of bank deposits often caused a(n) __________, rush by depositors to withdraw their funds from a bank before it failed.
|B)||run on the bank|
|C)||run on savings|
Banks that catered to the interests of business and commerce and had the power to issue checking accounts were known as __________ banks.
A factor contributing to the savings and loan crisis of the 1980s was _______.
|D)||demand deposit accounts|