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Details Title: CH 13 Description: Money & Banks Total Flash Cards: 9 Created: 11/18/2007 18:08:53	To study from this set of flash cards, or to create your own your own study flash cards, register HERE. If you are already a registered user, CLICK HERE.
Cards Term Barter Definition trade Term Money Definition Anything used as a medium of exchange   *medium of exchange, store of value, standard of value Term Transaction account Definition a bank acct that permits direct pmnt to a 3rd party Term Deposit Creation Definition saving money Term Bank Reserves Definition assets held by a bank to fulfill its deposit Term Required Reserves Definition required reserve ratio X total deposits Term Excess Reserves Definition total reserves (minus) req'd reserves Term Money Multiplier Definition 1/req'd reserve ratio Term Near money Definition actual value is less than monetary value