_____ is a written order to a bank to pay a stated amount to a person or business.

The ______________ provides a quick formula for computing how long it will take to double your money invested at a given interest rate.

______________ refers to the specific amount of money circulating in a country's economy at a particular period of time.

True or false? The “time value of money” means that the value of an amount of money is greater today than the value of the same amount of money in the future.

ATM stands for...

The FTC protects consumers by

What two numbers are at the bottom of a personal check?

Who's job is it to investigate fraud and other securities law violations?

You need to deposit money into an account to use all of the following services except a

What government agency insures bank deposits up to $250,000 per bank per customer per account?

The amount that is earned on an investment; also known as the fee for borrowing money

A promissory note that provides payment to the bearer when redeemed

Has intrinsic value and is worth something in its own right

Money put at risk for the purpose of making money

A check that is returned due to insufficient funds

True or false? Currency is the practice of trading by use of commodities or products instead of money.

Common fees that may be charged by a depository institution include all EXCEPT:

Savings tools offered by depository institutions may earn interest. Which of the following statements is NOT TRUE about interest?

Fiat money

True or false? Compound interest is interest earned on the principal plus any previously earned interest.

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