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Money bingo

Exercise and reference answers

Clues and terms
  1. Clue
    Accepted as payment.
    Item
    Money
  2. Clue
    Too much money, higher prices.
    Item
    Inflation
  3. Clue
    Makes trade easier.
    Item
    Medium
  4. Clue
    Holds wealth for later.
    Item
    Store
  5. Clue
    Coins and paper notes.
    Item
    Currency
  6. Clue
    Withdraw any time.
    Item
    Demand dep
  7. Clue
    Pays interest, locked in.
    Item
    Time dep
  8. Clue
    Rate the Fed charges banks.
    Item
    Discount
  9. 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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