Unit 4 - Money and Banking

4. characteristic of “good” money in which it doesn’t fall apart
5. the most popular type of loan for most banks…led to the financial meltdown
6. central bank of the US, oversees other banks and sets US monetary policy
9. I used the money I made at work to buy a sandwich, what purpose of money is being illustrated?
11. type of mortgage for low credit scores that contributed to the Great Recession
12. type of money that has natural value…like if we used soy beans as currency
13. type of metallic standard that the US has often used to back up its currency
14. governmental program that insures deposits in banks so depositors feel safe if the bank goes out of biz
17. Aca Taco prices its burritos at $10.49. Using money to set a price is which purpose of money?
18. characteristic of “good” money in which we can break it down into smaller units
20. most well-known type of cryptocurrency that many argue is not true currency

1. purpose of money that bitcoin is often criticized for…who knows how much it will be worth in a year
2. biggest US economic crisis since the great depression
3. this historical banking issue was characterized by variation in currency from state to state and instability in the banking sector
7. type of money that doesn’t have value itself, like paper money, but is given value because it can be used to get other stuff
8. historical constitutional group who believed a central bank was necessary for a strong nat’l gov
10. type of bank represented by Bank of America, Wells Fargo, Chase, you know the big ones
15. currency that is only backed up by the government
16. characteristic of “good” money that would explain why I don’t use heavy rocks as currency
19. aspect of the money supply that includes all cash in circulation