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COIN: A shiny metal disc, almost always authorized by a national government entity, with a raised impression of famous dead people on one side and a building or birds on the other that is used as money. U.S. coins are issued by the U.S. Treasury Department and come in denominations of pennies, nickels, dimes, quarters, half-dollars, and dollars. At one time, metal coins were comprised of valuable metal (that is, commodity money) in an amount equivalent to their face value. A dime had 10-cents worth of silver. A nickel had 5-cents worth of nickel. A penney had 1-cents worth of copper. Most modern coins, however, are fiat money, containing less valuable metal alloys. But they work just fine in vending machines.
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BANK ASSETS What a bank owns, including loans, reserves, investment securities, and physical assets. Bank assets are typically listed on the left-hand side of a bank's balance sheet. Bank liabilities, what a bank owes, are listed on the right-hand side of a bank's balance sheet. Net worth is the difference between assets and liabilities. The largest asset category of most bank is loans, which generates interest revenue. A critical asset category used to maintain the safety of deposits is reserves (vault cash and Federal Reserve deposits).
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PURPLE SMARPHIN
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Today, you are likely to spend a great deal of time lost in your local discount super center seeking to buy either a rechargeable battery for your camera or a coffee cup commemorating the first day of spring. Be on the lookout for a thesaurus filled with typos.
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In the Middle Ages, pepper was used for bartering, and it was often more valuable and stable in value than gold.
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"He who has a „why¾ to live can bear with almost any „how."" -- Friedrich Nietzsche, Philosopher
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ABA
American Bankers Association, Associate in Business Administration
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