Chapter 12. Money, Banking & The Financial System: Pre- Class & In-Class Activities Packet Name/I.D. Number: _____________________________________________________ Section:____________ Date: ____________ Part 2. Matching: Match the Key terms in Column "A" with the definitions in Column "B" by writing the block (upper) case letter of your choice under column "A" and match the definitions in column "B" with the meanings or examples or real world applications in column "C" by writing the small (lower) case letter of your choice under column "B". Column "A" _ 1. Money _ 2. Barter _ 3. Medium of Exchange _ 4. Unit of Account _ 5. Store of Value _ 6. Double Coincidence of Wants _ 7. M1 _ 8. Currency _ 9. Federal Reserve Notes _ 10. Checkable Deposits _ 11. M2 _ 12. Savings Deposit _ 13. Time Deposit _ 14. Money Market Deposit Account(MMDA) _ 15. Money Market Mutual Fund (MMMF) _ 16. Fractional Reserve Banking Column "B" _ A. An interest-earning account at a mutual fund company, for which a letter of your minimum balance is usually required and most of which offer limited check-writing privileges. Only retail MMMFs are part of M2. _ B. In a barter economy, a requirement, which must be met before a trade can be made. It specifies that a trader must find another trader who at the same time is willing to trade what the first trader wants & wants what the first trader has. _ C. Deposits on which checks can be written. _ D. Exchanging goods and services for other goods and services withou