Money and banking bingo

Exercise and reference answers

Clues and terms

1. Clue

   Goods swapped for goods.

   Item

   Barter

2. Clue

   Value by government decree.

   Item

   Fiat money

3. Clue

   How fast an asset spends.

   Item

   Liquidity

4. Clue

   Cash plus checking deposits.

   Item

   M1

5. Clue

   M1 plus savings and CDs.

   Item

   M2

6. Clue

   Bank between saver and borrower.

   Item

   Intermediary

7. Clue

   Assets minus liabilities.

   Item

   Net worth

8. Clue

   Bundle loans into securities.

   Item

   Securitize

9. Clue

   No income, no job, no assets.

   Item

   NINJA loan

Instructions

Read each clue and tap the term it describes.

Explanation