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lora16 [44]
3 years ago
10

Match each term in column A with it’s definition in column B Column A 1. barter 2. money 3. currency 4. monetary unit 5. deposit

or 6. Bureau of the Mint 7. electronic funds transfer (EFT) 8. Federal Revenue System Column B a. The use of computers to receive and make payments. b. The standard unit of value of a country’s currency. c. A person who places money in an account in a bank for safety and earnings. d. Anything generally excepted in payment for goods and services. e. Money that is easy to carry because it is paper. g. An organization that regulates the nations banks and its money supply. h. An organization that manufactures US coins.
Business
1 answer:
prohojiy [21]3 years ago
6 0

Matching each monetary term in Colum A with its definition in Column B is as follows:

Column A                                      Column B

(Monetary Terms)                         (Definitions of the monetary terms)

1. Barter                                        f. the exchange of goods for goods.

2. Money                                   d. Anything generally excepted in

                                                       payment for goods and services.

3. Currency                                 e. Money that is easy to carry because it  

                                                       is paper.

4. Monetary unit                          b. The standard unit of value of a

                                                         country’s currency.

5. Depositor                                c. A person who places money in an

                                                    account in a bank for safety and earnings.

6. Bureau of the Mint                 h. An organization that manufactures the

                                                       US coins.

7. Electronic funds transfer (EFT)  a. The use of computers to receive and

                                                           make payments.

8. Federal Revenue System       g. An organization that regulates the

                                                        nation's banks and its money supply.

<h3>What is a monetary term?</h3>

A monetary term is a description of economic knowledge or activity involving the use of money.  

Examples of other monetary terms are:

  • Inflation
  • Price
  • Time value of money
  • Purchasing power
  • Profit
  • Wages.

Thus, the monetary terms have been <u>matched correctly</u> with their definitions.

Learn more about economic terms at brainly.com/question/3527735

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