Money bingo
Exercise and reference answers
- Clues and terms
- Clue
- Accepted as payment.
- Item
- Money
- Clue
- Too much money, higher prices.
- Item
- Inflation
- Clue
- Makes trade easier.
- Item
- Medium
- Clue
- Holds wealth for later.
- Item
- Store
- Clue
- Coins and paper notes.
- Item
- Currency
- Clue
- Withdraw any time.
- Item
- Demand dep
- Clue
- Pays interest, locked in.
- Item
- Time dep
- Clue
- Rate the Fed charges banks.
- Item
- Discount
- Clue
- Gap that earns the bank.
- Item
- Spread
- Instructions
- Read each clue and tap the term it describes.
Explanation
_Source: OpenStax Introduction to Business 2e, Chapter 15, Understanding Money and Financial Institutions._
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