Money and banking bingo

Exercise and reference answers

Clues and terms

1. Clue

   Exchange without money.

   Item

   Barter

2. Clue

   Money's first function.

   Item

   Medium

3. Clue

   Wealth kept for later.

   Item

   Store value

4. Clue

   India's central bank founded.

   Item

   RBI 1935

5. Clue

   Cash share of deposits held.

   Item

   CRR

6. Clue

   Liquid reserve requirement.

   Item

   SLR

7. Clue

   Buy now, resell on a set date.

   Item

   Repo

8. Clue

   RBI's loan rate to banks.

   Item

   Bank rate

9. Clue

   Gap between deposit and loan rates.

   Item

   Spread

Instructions

Read each clue and tap the term it describes.

Explanation