anything of value that is accepted in return for goods or services.

a type of a document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

a type of financial investment issued by a corporation, government, or other organization.

a security that pays interest over terms of ten to thirty years.

a security that pays interest over terms ranging from two to ten years.

a security that matures in a year or less.

money is used in exchange for goods and services needed by individuals, businesses, and governments.

means that money is a common measure of the worth or price of a good or service.

means that money can be saved and used at a later date

the mechanism a nation uses to provide and manage money for itself.

the process of transferring money from one individual or organization to another.

a plastic card that allows the holder to make credit purchases up to an authorized amount.

allows customers to pay for purchases directly from their checking account.

a transfer of money from one back account to another.

any organization that provides services related to money.

a financial institution that accepts money from customers and deposits it into the customer's account.

money placed into an account.

a nonprofit financial institution that is privately owned and provides banking services for its members.

a financial institution that offers savings and loan services.

a financial institution that does not accept deposits.

a financial institution that is involved in trading securities in financial markets.

a financial institution that provides services for businesses.

a financial institution that makes money by issuing loans.

a bank account that allows the account owner to make deposits, write checks, and withdraw money.

a written order for the bank to pay a specific amount to the person or organization to which the check is written.

a bank account used by depositors to accumulate money for future use.

a prearranged amount of credit that is available for a business to use as needed.

a document guaranteeing that a buyer will pay the seller the agreed-upon amount and within the time specified.

The five properties of money:

The four basic examples of financial exchange:

Why laws and regulations are necessary regarding financial exchange:

Two main types of financial institutions:

Three examples of depository institutions:

Three examples of nondepository institutions:

Identify four examples of general banking services:

True or False: There is a Federal Reserve Bank in Houston.

Name the two types of federal regulators that almost every depository institution is a member:

The FDIC is for...

The NCUA is for...

Will banks let high school students open a checking or savings account:

Which of the following is not considered a financial institution?

Money that is deposited into a financial institution ________.

Consumers may borrow money for ________.

The government may borrow money for ________.

Without financial institutions, ________.

The money you and other consumers transfer to financial institutions is ________.

________ contribute funds to financial institutions.

Funds may be contributed to financial institutions in the form of ________.

Financial institutions pay out ________ to their investors.

Financial institutions use deposited funds to provide ________ to businesses and consumers.