Details Title: CH 13 Description: Money & Banks Total Flash Cards: 9 Created: 11/18/2007 18:08:53		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional Economics Flashcards
Cards in this set: 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