Civics and Economics VocabularyChapter 24 - Section OneCoin- are metallic forms of moneySimilarity/Difference:Sentence:Cur...
Similarity/Difference:Sentence:Open Market Operations- the purchase or sale of U.S. government bonds and TreasurybillsSimi...
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Chapter 24

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Chapter 24

  1. 1. Civics and Economics VocabularyChapter 24 - Section OneCoin- are metallic forms of moneySimilarity/Difference:Sentence:Currency- includes both coins and paper moneySimilarity/Difference:Sentence:Commercial Bank- financial institutions that offer full banking services to individuals andbusinessesSimilarity/Difference:Sentence:Savings and Loan Association- financial institutions that traditionally loaned money topeople buying homesSimilarity/Difference:Sentence:Credit Union- work on a not-for-profit basisSimilarity/Difference:Sentence:Chapter 24 - Section TwoCentral Bank- Federal Reserve SystemSimilarity/Difference:Sentence:Federal Open Market Committee- makes the decisions that affect the economy as awhole by manipulating, or controlling, the money supplySimilarity/Difference:Sentence:Monetary Policy- the controlling of the supply of money and the cost of borrowingmoneySimilarity/Difference:Sentence:Discount Rate- the rate the Fed charges member banks for loansSimilarity/Difference:Sentence:Reserve- banks must keep a certain percentage of their money in Federal ReserveBanks as a reserve against their depositsTara Pawlyk Friday, May 17, 2013 8:21:31 AM ET 04:0c:ce:d3:10:88
  2. 2. Similarity/Difference:Sentence:Open Market Operations- the purchase or sale of U.S. government bonds and TreasurybillsSimilarity/Difference:Sentence:Chapter 24 - Section ThreeChecking Account- allow customers to write checks or to use check or debit cardsSimilarity/Difference:Sentence:Savings Accounts- banks pay interest to customers based on how much money theyhave depositedSimilarity/Difference:Sentence:Certificate of Deposit- require a saver to deposit his or her funds for a certain period oftimeSimilarity/Difference:Sentence:Tara Pawlyk Friday, May 17, 2013 8:21:31 AM ET 04:0c:ce:d3:10:88

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