Public Goods and Services
Competition and Consumer Rights
Taxing, Borrowing and Spending
The Federal Reserve System
Money
100
Who provides public goods and services?
What is the Government
100
The agency in charge of monitoring communications like tv, radio, internet, etc.
What is the FCC?
100
When the government does this with taxes, I have less money to spend on goods and services.
What is higher (increased) taxes?
100
nickname of the federal reserve system
What is the FED?
100
This is what money is used for.
What is used to buy goods and services?
200
post office, schools, police, fire and rescue, roads, state parks
What are examples of public goods and services?
200
The agency in charge of businesses and advertising.
What is Federal Trade Commission?
200
These are the three ways that they government influences economic activity in the United States.
What is taxing, borrowing and spending?
200
the number of federal reserve banks in the United States
What is 12 banks?
200
Coins, Currency and _____________ are accepted as money in the United States.
What are deposits (checks and debit cards)?
300
Because individuals would not be able to provide them for themselves.
What is why the government provides goods and services?
300
These are legal agreements between buyers and sellers that help protect consumers along with laws and federal agencies.
What are contracts?
300
When the government does this, I can get a loan to buy a car or a house or start a business.
What is decrease borrowing, borrow less?
300
This is one reason why the Federal Reserve System is considered the nation's bank?
What are it handles the U.S. Treasury, provides services to banks, regulates banks, maintains the value of the dollar, helps control the amount of money to keep inflation low or to keep the economy out of a recession?
300
Private financial institutions (like banks) take deposits from savers and make ____________ to borrowers.
What are loans?
400
An example of a public goods and services
What are schools, police, roads, parks, etc?
400
This is what consumers can take if their consumer rights or property rights have been violated.
What is legal action?
400
When the government does this with the amount they borrow, I have less to borrow in loans for cars, houses, college and other stuff.
What is borrow more or increased borrowing?
400
This is why the Federal Reserve System was created?
What is to create a safe and stable banking system?
400
This amendment allows Congress to tax the income of individuals and businesses.
What is the 16th amendment?
500
This, borrowed funds and fees are the ways the government pays for public goods and services
What are taxes?
500
The three ways the government promotes competition.
What is anti-trust laws, global trade and business startups?
500
With an increase or a decrease in government spending, these are two things that are also affected in the economy as a result.
What are jobs, demand, goods and services, taxes?
500
The FOUR main jobs of the Fed.
What are Federal govt's bank Amount of money (regulates) Regulate banks Maintain value of money
500
This is why people accept money.
What is because they have confidence in the government and what they say about money?
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