Money and banking bingo

Exercise and reference answers

Clues and terms

1. Clue

   Goods swapped for goods.

   Item

   Barter

2. Clue

   Money between buyer and seller.

   Item

   Exchange

3. Clue

   Holding worth over time.

   Item

   Store value

4. Clue

   Value only by declaration.

   Item

   Fiat

5. Clue

   Cash, savings, checkable.

   Item

   M1

6. Clue

   M1 plus time deposits.

   Item

   M2

7. Clue

   How fast it can buy.

   Item

   Liquidity

8. Clue

   Sits between saver and borrower.

   Item

   Intermediary

9. Clue

   Assets left, owed right.

   Item

   T account

Instructions

Read each clue and tap the term it describes.

Explanation