Money Study Guide Essays - Money, Finance, Financial Services

Money Study Guide 1. ______________ is anything of value that serves as generally accepted medium of financial exchange or legal tender for repayment of debt. 2. When you think of money, you think of ______________. 3. ____________________ is tokes used as money which includes metal coins and paper bank notes. 4. _________________ deposits are funds deposited in checking accounts where checks can be written against the account balance. 5. ____________________ checks are issued by a financial institution which functions as cash but is protected against loss or theft. 6. A _____________________ account is a deposit account at a bank or savings and loan which pays interest. 7. ___________ deposits are savings accounts or CD held in a financial institution for a fixed term (6 month CD). 8. A _______________ _______________ mutual fund is a type of mutual fund that invests in high-yielding, short-term money instruments. 9. A __________ card is a card which allows customers to access their funds immediately, electronically. 10. Direct Deposit of a pay check and Electronic Funds Transfer (Western Union) are examples of _______________ money. 11. __________________________ was a type of paper money that was issued from 1862 to 1971 in the U.S. 12. _______________ is a series of coins struck at a mint as part of currency. 13. Name the three functions of money: a. _________________________________ b. _________________________________ c. _________________________________ 14. Name the four methods of obtaining capital: a. ____________________________________ b. ____________________________________ c. ____________________________________ d. ____________________________________ 15. ___________________ is the value of an ownership interest in property 16. ____________________ any form of wealth capable of being employed in the production of more wealth 17. ________________________ refers to the portion of net income which is retained by the corporation rather than distributed to its owners as dividends. 18. ______________________ is the capital that a business raises by taking out a loan. 19. The ____________ value of money is the value of money figuring in a given amount of interest earned over a given amount of time. 20. Using the time value of money terminology, $100 invested for one year at 5% interest has a future value of ____________.