lastinyo

a. how are values in the economic system measured ?
- our goods and services are sold for money, and that money is in turn exchanged for other goods and services
b. what kind of money is used for general business ?
- The American Dollar
c. what is the wider sense of the word 'money' ?
- covering anything which is used as a means of exchange
d. what originally served as a store of value ?
- a valuable metal (gold, silver or copper)
e. what backs the US dollar ?
- nominal currency
f. how are national currencies judged now a days ?
- which determines the value of national currency is authorized bank and the governments
g. who can is sue paper notes ?
- governments and authorized banks
h. what name is given to arrangments like cheques ?
-
i. when is credit offered ?
- when people do not have the cash
j. when is a man's credit good ?
- when someone can manage income and spending to repay loans
k. what phrase do economists use for the value of money ?
-
l. how do we reckon the demand for money ?
- by the way we see the direct circulation of money in the community
m. what word is used to describe the flow of money round the economic system ?
- the liquidity  of money
n. what is inflation ?
- Inflation is rising prices for goods and services within a certain time
o. in what way do banks co-operate with governmenrs ?
- in how to manage money circulating in the community, in order to avoid inflation currency
p. what was the original fuction of a bank ?
- to regulate money supply, watching the money supply and lending / credit to the community
q. in what two ways do banks receive money from their  customers ?
- by providing loans and credits to the public
r. what does the customers agree to do when he opens a deposits account ?
- they agree because they want to use the services available as customer
s. how does the bank make its main profit ?
- by way of interest to the customer's request when they apply for loans / credits
t. between whom does the bank act as an intermediary ?
- that mediates the salesman or teller
u. why do financiers often talk of the 'liquidity' of money ?
- so they can take into account the benefits when joining
v. what does the bank render useful ?
- helping people save money safely
w. whose trust for each other maintains the banking system ?
- that it is most needed in this kind of work
x. what does this trust permit ?
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