From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left. When a person withdraws $100 from his/her checking account A customer pays off a loan of $1,000 The required reserve ratio is lowered Required Reserve The Federal Reserve A gallon of milk is traded for a gallon of gasoline A customer borrows $100,000 from Bank A and A barter transaction Use of money as a unit of account. = Money outside of banks + Checkable deposits (checking accounts) + Traveler's checks No intrinsic value =rrr x depoists, where "rrr' stands for the required reserve rat The simple money multiplier (m) rises and banks can create more mone The money supply likely falls The central bank of the United States which is responsible for regulatir banks, printing money, and implementing monetary policy The balances on the bank's total Assets, Liabilities, or Net Worth remain the same assuming no other banking activity took place A customer borrows $100,000 from Bank A and deposits the entire balance in her checking account at the same bank According to economists "estimates of the value of life in the U.S. are clustered in the $4 million to $10 million range, with an average value of life in the vicinity of $7 million." M1 Fiat money 10. 11. 12. 13. 14. 15. 16. 17. The central bank of the United States which is responsible for regulatii banks, printing money, and implementing monetary policy The balances on the bank's total Assets, Liabilities, or Net Worth remair the same assuming no other banking activity took place Both Assets and Liabilities of the bank will rise assuming no other banking activil took place Includes money in the vaults of banks and other 'near money' assets such as mutual fund deposits and saving accounts An example the use of money as a medium of exchange Backed by gold, silver, or similar precious metals Loans = m x deposists, where "'m' stands for the simple money multiplier The simple money multiplier (m) falls and the ability of banks to create money is restricted The money supply will certainly remain unchanged regardiess of other banking activities that may follow