Flashcards: Monetary reform

Fractional-reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, and holds reserves that are equivalent to a fraction of its deposit liabilities.

In economics, a local currency, is a currency that can be spent in a particular area at participating organisations.

Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation.

A monetary system is the set of institutions by which a government provides money in a country's economy.

The People's Bank of China (PBC or PBOC, Chinese: 中国人民银行, zhongguo renmin yinhang) is the central bank of the People's Republic of China with the power to carry out monetary policy and regulate financial institutions in mainland China.

A complementary currency is used to supplement a national currency.

An alternative currency (or private currency) is any currency used as an alternative to the dominant national or multinational currency systems.

(For other uses, see National bank (disambiguation).)("The National Bank" redirects here. For the Norwegian band, see The National Bank (band).) In banking, the term national bank carries several meanings: Mainstream economics believe state-owned banks are inherently inefficient, however, case study research often demonstrate state banks are effective lenders and can work in the public good.

Money as Debt is a 2006 animated documentary film by Canadian artist and filmmaker Paul Grignon about the monetary systems practised through modern banking.

A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the U.

Fiat money is a currency established as money by government regulation or law.