_____ Allow Consumers to Perform an Ever-Widening Array of Financial

question 84

Multiple Choice

_____ allow consumers to perform an ever-widening array of financial transactions from their personal or work computers.

• A)Online banking services
• B)Automated clearinghouses
• C)Automated teller machines
• D)Credit card terminals
• E)Magnetic stripe readers

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Definitions:

Federal Reserve

The central bank of the United States, responsible for regulating the US monetary and financial system.

Money Supply

The comprehensive pool of financial assets in an economy at any given time, which includes coins, cash, and the amounts in both checking and savings accounts.

Inflation

The rate at which the general level of prices for goods and services is rising, subsequently eroding purchasing power.

Unemployment

The condition in which people actively seeking work are unable to find employment.