The Fed
How many district banks does the Federal Reserve have?
What is 12
The amount of money borrowed is known as this
What is the principal
These are known as the four phases in the business cycle
What are contraction, expansion, peak and trough
A market for buying and selling stock is known as this
What is a stock exchange
A collection of financial assets is known as this
What is a portfolio
The Board of Governor's for the Fed is located in which city?
What is Washington, D.C.
A card used to withdraw money is known as this
What is a debit card
This index shows how certain stocks have traded since 1896
What is the Dow Jones Industrial Average
Name the two benefits of buying stock
What are dividends and capital gains
These are considered very safe investments because they are insured by the federal government
What are Certificates of Deposit (CDs)
When was the Federal Reserve established?
What is 1913
These types of banks are cooperative lending associations for particular groups, usually employees of a specific firm or government agency
What are Credit Unions
These are two indicators economists use to predict a new phase to a business cycle
What are the stock market and interest rates
An electronic marketplace for stocks and bonds is known as this type a market
What is an Over the Counter (OTC) market
A steady drop in the stock market over a period of time is known as this
What is a bear market
What is the name of the 12 member policy-making group within the Federal Reserve that has the authority to conduct open market operations?
What is the Federal Open Market Committee (FOMC)
A specific type of loan that is used to buy real estate is known as
What is a mortgage
An independent agency of the government that regulates financial markets and investment companies is known as this
What is the Securities and Exchange Commission (SEC)
The largest and best-known companies listed on the NYSE are often referred to as
What are blue chip companies
The dollar value of all final goods and services produced within a country’s boarders in a given year
What is Gross Domestic Product (GDP)
Name three things that the Federal Reserve does
Control the money supply, Supply the economy with paper money, Hold Bank Reserves, Provide check-clearing services, Supervise member banks Serve as the lender of last resort
These allow customers to pay bills without writing checks
What are Automatic Clearing House (ACHs)
What are the three uses of money
What are Medium of Exchange, Unit of Account, and Store of Value
A bond that a corporation issues to raise money to expand its business is known as
What is a corporate bond
The time at which payment to a bondholder is due
What is maturity