Money and banking bingo

Exercise and reference answers

Clues and terms

1. Clue

   The commonly accepted medium of exchange.

   Item

   Money

2. Clue

   Exchange of goods without money in between.

   Item

   Barter

3. Clue

   Function letting all values be compared.

   Item

   Unit account

4. Clue

   Function letting wealth be carried forward.

   Item

   Store value

5. Clue

   The one bank that issues a country's currency.

   Item

   Central bank

6. Clue

   Money that cannot be refused in payment.

   Item

   Legal tender

7. Clue

   Bank balance payable whenever asked for.

   Item

   Demand deposit

8. Clue

   Name given to the measures M1 and M2.

   Item

   Narrow money

9. Clue

   Name given to the measures M3 and M4.

   Item

   Broad money

Instructions

Read each clue and tap the term it describes.

Explanation