The basing of a currency on gold. In some sense in such a
system, gold IS the currency and money is a symbol for a
corresponding amount of gold, backed by the issuer - i.e. the bank
promises that by some means you are always able to exchange X of
its currency for Y gold, and vice versa.
No country still uses the gold standard - modern currencies are
free floating with their value determined by local markets and
exchange rates with other currencies.
Even so, national governments still usually carry large gold
reserves as a holdover from the time when they needed them as a
physical guarantee. Gold has remained valuable over thousands of
years so it can always be sold as needed for any currency
(including its own) that a country might need, or bought to safely
store wealth.
A currency system in which each dollar is worth 1/20 of an ounce
of gold (gradpoint)
🔄 Click to see term
Term1/20
What is Standard and Poors
🔄 Click to see definition
Definition1/20
Standard and Poors is one of the 3 premier Credit Rating
Agencies in the world.
🔄 Click to see term
Term1/20
What is a stock portfolio
🔄 Click to see definition
Definition1/20
A stock portfolio is all the stocks that you own. I would
venture to say that if you had one stock in any company, you would
have one stock in your portfolio. If you had 5 different stocks,
you would have a total of 5 stocks in your portfolio.
🔄 Click to see term
Term1/20
What would add up 10.25 with quarters and dimes
🔄 Click to see definition
Definition1/20
to many to count... 100 dimes 1 quarter. 41 quarters. 50 dimes
21 quarters
🔄 Click to see term
Term1/20
What bank did Hamilton support
🔄 Click to see definition
Definition1/20
First bank of the united states. He was the first Secretary of
the Treasury.
🔄 Click to see term
Term1/20
Money serves as a good store of value except when an economy experiences a period of
🔄 Click to see definition
Definition1/20
...inflation
🔄 Click to see term
Term1/20
How does a pension fund act as an investor
🔄 Click to see definition
Definition1/20
the company invests money collected from employers
🔄 Click to see term
Term1/20
In the financial system who are the borrowers
🔄 Click to see definition
Definition1/20
households, individuals, and businesses
🔄 Click to see term
Term1/20
What are objects called that have value in and of themselves as well as value as a means of exchange
🔄 Click to see definition
Definition1/20
commodity money
🔄 Click to see term
Term1/20
Which of these are issued by corporations and us government
🔄 Click to see definition
Definition1/20
bonds
🔄 Click to see term
Term1/20
What is the purpose of social security taxes
🔄 Click to see definition
Definition1/20
Old age survivors and disability insurance (oasdi) social
security benefits and medicare insurance .
🔄 Click to see term
Term1/20
What is the annual rate of return on a bond bought on the open market called
🔄 Click to see definition
Definition1/20
yield
🔄 Click to see term
Term1/20
What is money that has value because the government has established it as acceptable for payment of debts
🔄 Click to see definition
Definition1/20
representive money.
🔄 Click to see term
Term1/20
Which of the following is a true statement about the call option
🔄 Click to see definition
Definition1/20
It is a way for investors to avoid paying a future higher price
of a stock.
NOVANET
🔄 Click to see term
Term1/20
What is the amount paid to purchase a bond that will be repaid at maturity
🔄 Click to see definition
Definition1/20
face value
🔄 Click to see term
Term1/20
What markets in which money is lent for periods longer than one year
🔄 Click to see definition
Definition1/20
Capital markets
🔄 Click to see term
Term1/20
What is a fund that pools the savings of many individuals and invests this money in a variety of stocks bonds and other financial assets called
🔄 Click to see definition
Definition1/20
mutual fund
🔄 Click to see term
Term1/20
What is the simple interest of a loan for 1000 with 5 percent interest after 3 years
🔄 Click to see definition
Definition1/20
$150. 5% interest per $1000 is $50 per year. You had the loan 3
years- $50 x 3.
🔄 Click to see term
Term1/20
Why might one need financial intermediary
🔄 Click to see definition
Definition1/20
A financial intermediary is a financial institution that
connects surplus and deficit agents. There are three major reasons
one might need a financial intermediary these include maturity
transformation, risk transformation, and convenience
denomination.
🔄 Click to see term
Term1/20
When was National Association for the Advancement of Colored People created
🔄 Click to see definition
Definition1/20
National Association for the Advancement of Colored People was
created in 1909.
🔄 Click to see term
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Cards in this guide (20)
What is the Gold Standard
The basing of a currency on gold. In some sense in such a
system, gold IS the currency and money is a symbol for a
corresponding amount of gold, backed by the issuer - i.e. the bank
promises that by some means you are always able to exchange X of
its currency for Y gold, and vice versa.
No country still uses the gold standard - modern currencies are
free floating with their value determined by local markets and
exchange rates with other currencies.
Even so, national governments still usually carry large gold
reserves as a holdover from the time when they needed them as a
physical guarantee. Gold has remained valuable over thousands of
years so it can always be sold as needed for any currency
(including its own) that a country might need, or bought to safely
store wealth.
A currency system in which each dollar is worth 1/20 of an ounce
of gold (gradpoint)
What is Standard and Poors
Standard and Poors is one of the 3 premier Credit Rating
Agencies in the world.
What is a stock portfolio
A stock portfolio is all the stocks that you own. I would
venture to say that if you had one stock in any company, you would
have one stock in your portfolio. If you had 5 different stocks,
you would have a total of 5 stocks in your portfolio.
What would add up 10.25 with quarters and dimes
to many to count... 100 dimes 1 quarter. 41 quarters. 50 dimes
21 quarters
What bank did Hamilton support
First bank of the united states. He was the first Secretary of
the Treasury.
Money serves as a good store of value except when an economy experiences a period of
...inflation
How does a pension fund act as an investor
the company invests money collected from employers
In the financial system who are the borrowers
households, individuals, and businesses
What are objects called that have value in and of themselves as well as value as a means of exchange
commodity money
Which of these are issued by corporations and us government
bonds
What is the purpose of social security taxes
Old age survivors and disability insurance (oasdi) social
security benefits and medicare insurance .
What is the annual rate of return on a bond bought on the open market called
yield
What is money that has value because the government has established it as acceptable for payment of debts
representive money.
Which of the following is a true statement about the call option
It is a way for investors to avoid paying a future higher price
of a stock.
NOVANET
What is the amount paid to purchase a bond that will be repaid at maturity
face value
What markets in which money is lent for periods longer than one year
Capital markets
What is a fund that pools the savings of many individuals and invests this money in a variety of stocks bonds and other financial assets called
mutual fund
What is the simple interest of a loan for 1000 with 5 percent interest after 3 years
$150. 5% interest per $1000 is $50 per year. You had the loan 3
years- $50 x 3.
Why might one need financial intermediary
A financial intermediary is a financial institution that
connects surplus and deficit agents. There are three major reasons
one might need a financial intermediary these include maturity
transformation, risk transformation, and convenience
denomination.
When was National Association for the Advancement of Colored People created
National Association for the Advancement of Colored People was
created in 1909.