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Mutual Savings Bank Quiz

The organization responsible for the conduct of monetary policy in the United States is the

The central bank of the United States is

Economists group commercial banks, savings and loan associations, credit unions, mutual funds, mutual savings banks, insurance companies, pension funds, and finance companies together under the heading financial intermediaries. Financial intermediaries

Economists group commercial banks, savings and loan associations, credit unions, mutual funds, mutual savings banks, insurance companies, pension funds, and finance companies together under the heading financial intermediaries. Financial intermediaries

Banks are important to the study of money and the economy because they

Banks, savings and loan associations, mutual savings banks, and credit unions

(I) Banks are financial intermediaries that accept deposits and make loans. (II) Included under the term banks are firms such as commercial banks, savings and loan associations, mutual savings banks, credit unions, and insurance companies.

Money is anything accepted by anyone as payment for services or goods.

Interest rates are determined in the bond markets.

A stock is a debt security that promises to make periodic payments for a specific period of time.

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