- 5.1: Money electronically added to your checking account is called a(n) .
- 5.2: A bank card that allows the account holder to make purchases and to...
- 5.3: A math formula called the is used to tell you how long it will take...
- 5.4: A demand deposit called a(n) allows you quick and easy access to yo...
- 5.5: A discount bond issued through the United States government is call...
- 5.6: A(n) is a convenient way to pay bills if you do not have a checking...
- 5.7: is interest earned on both principal and previous interest earnings.
- 5.8: A(n) is a check issued by a bank against its own funds.
- 5.9: A bank service directing the bank not to honor a check is called a(...
- 5.10: The interest rate that banks charge to corporations, called the , i...
- 5.11: A record for keeping track of checks written and deposits made is c...
- 5.12: A check written with a future date is called a(n) . 1
- 5.13: The rate at which banks can borrow from the excess reserves of othe...
- 5.14: A(n) is a signature or instructions written on the back of a check ...
- 5.15: A savings option called a(n) pays interest at the current market ra...
- 5.16: A(n) is a written order to a bank to pay the stated amount to the p...
- 5.17: The is the rate banks are charged to borrow money from the Fed. 1
- 5.18: A check returned by the bank, called a(n) , was returned because th...
- 5.19: Actions of the Fed to influence money and credit conditions in the ...
- 5.20: A(n) is money deposited for a fixed amount of time at a fixed inter...
- 5.21: An amount of money set aside (deposited or borrowed) on which inter...
- 5.22: A demand deposit called a(n) may have restrictions and/or penalties...
- 5.23: A(n) is money added to a checking or savings account. 2
- 5.24: A(n) deducts money from an account and electronically transfers it ...
Solutions for Chapter 5: Banking Procedures
Full solutions for Personal Financial Literacy | 1st Edition
the idea that taxes should be levied on a person according to how well that person can shoulder the burden
the proposition that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own
the ability to produce a good at a lower opportunity cost than another producer
a decrease in investment that results from government borrowing
a graph of the relationship between the price of a good and the quantity demanded
total revenue minus total cost, including both explicit and implicit costs
above-equilibrium wages paid by firms to increase worker productivity
input costs that require an outlay of money by the firm
the amount of money in the future that an amount of money today will yield, given prevailing interest rates
the study of how people behave in strategic situations
the idea that taxpayers with similar abilities to pay taxes should pay the same amount
a good for which, other things being equal, an increase in income leads to a decrease in demand
claims that attempt to prescribe how the world should be
a person’s normal income
price elasticity of demand
a measure of how much the quantity demanded of a good responds to a change in the price of that good, computed as the percentage change in quantity demanded divided by the percentage change in price
a theory of exchange rates whereby a unit of any given currency should be able to buy the same quantity of goods in all countries
the limited nature of society’s resources
an action taken by an informed party to reveal private information to an uninformed party
the percentage of the labor force that is unemployed
the study of how the allocation of resources affects economic well-being