Money and banking bingo

Exercise and reference answers

Clues and terms

1. Clue

   Exchange made without the mediation of money

   Item

   Barter

2. Clue

   The commonly accepted medium of exchange

   Item

   Money

3. Clue

   The wealth-carrying job money does

   Item

   Store of value

4. Clue

   India's central bank, born 1935

   Item

   RBI

5. Clue

   Percent of deposits kept as cash reserves

   Item

   CRR

6. Clue

   The liquid-form ratio, statutory by name

   Item

   SLR

7. Clue

   The RBI's rate for loans to commercial banks

   Item

   Bank Rate

8. Clue

   No intrinsic value, yet cannot be refused

   Item

   Fiat money

9. Clue

   Currency plus deposits, the narrow measure

   Item

   M1

Instructions

Read each call, tap its term on the board. Three in a line is bingo.

Explanation