Question

match these items. match the items in the left column to the items in the right column.

1. checking account
2. denomination
3. exchange rate
4. minting
5. money

items that are widely accepted as final payment for goods and services (also called currency)
paper money of a certain value
amount of one currency that can be traded for a unit of another currency
bank service that allows people to keep money in the bank and to take out the money on demand
the process of stamping out a coin from metal

Explanation:

1. A checking account is a bank service that enables people to deposit and withdraw money as needed, so it matches "bank service that allows people to keep money in the bank and to take out the money on demand".
2. Denomination refers to the value of paper money (or coins), so it matches "paper money of a certain value".
3. Exchange rate is the rate at which one currency can be exchanged for another, so it matches "amount of one currency that can be traded for a unit of another currency".
4. Minting is the process of creating coins by stamping metal, so it matches "the process of stamping out a coin from metal".
5. Money is defined as items widely accepted as a means of final payment for goods and services (currency), so it matches "items that are widely accepted as final payment for goods and services (also called currency)".

Answer:

1. checking account - bank service that allows people to keep money in the bank and to take out the money on demand
2. denomination - paper money of a certain value
3. exchange rate - amount of one currency that can be traded for a unit of another currency
4. minting - the process of stamping out a coin from metal
5. money - items that are widely accepted as final payment for goods and services (also called currency)