A debt instrument that bears interest and promises repayment:

When the government doesn’t control the exchange rate in any way, the currency is ……………….. :

The central bank is ………….to the commercial banks which are meeting the liquidity problem:

An economy that lacks a commonly accepted currency, so all exchanges must be made with goods and services because money does not exist in these economies:

To find or supply money for someone or something:

The value of one currency in terms of another:

Legal agreement where someone lends money to another person so that he can buy a property, the property being the security:

Being able to pay all debts on due date:

The ……………………… measures how much the price of a basket of consumer goods has changed over a given time period:

Debt which will not be paid and which has to be written off in the accounts book:

You are never too young to start----------some money in a savings account:

Money in the form of bank notes and coins:

A foreign bank issues an undertaking to the exporter ( through a bank in the exporter’s country) to pay for the goods as long as the exporter complies with the terms and conditions of the contract. This is a much safer form of payment for the exporter. To be even safer, the exporter can arrange for the bank in his/her country to act as “ confirming bank”, which means that the bank in the exporter’s country is responsible for the transaction:

The government bank which regulates all commercial banks in a country is called …………….:

You can obtain cash at any time of the day or night from……..:

What is the primary source of income for commercial banks?

To deposit share certificates with a lender / bank as security for money borrowed:

A record of a depositor’s deposits and withdrawals:

I’m paying for my new car in 36 monthly …………..:

……………………involves recording every purchase and sale that a business makes, in the order that they take place, in journals:

Banks make their profits from the difference between the interest rate charged to borrowers and that paid to depositors, also known as …..: