Money & Banking, Chapter 10
Financial Literacy, Chapter 11
Economic Performance,
Chapters 12 & 13
Taxes and Spending, Chapter 14
Monetary & Fiscal Policy, Chapters 15 & 16
100
The person who created the First Bank of the United States.
Who is Alexander Hamilton?
100
A type of investment that allows individuals without a lot of money to own a variety of financial assets.
What is a Mutual Fund?
100
The market value of all final goods and services produced within a nation in a given time period.
What is Gross Domestic Product?
100
A kind of tax where the rate increases as income increases.
What is a Progressive Tax?
100
It's when the government spends more that it takes in.
What is a Deficit?
200
They are the four physical properties of useful money.
What are Durability, Portability, Divisibility, and Uniformity?
200
One investment that is considered risk free.
What are US government bonds?
200
The total amount of goods and services that households, businesses, government, and foreign purchasers will buy at each price level.
What is Aggregate Demand?
200
It's what the government uses to try to influence economic behavior.
What is a Tax Incentive?
200
It's sometimes called an "easy-money" policy.
What is an Expansionary Monetary Policy sometimes called?
300
It's the main difficulty of a barter system.
What is finding two people who have what each other wants?
300
A strategy where an investor makes several different types of investments to minimize risk.
What is Diversification?
300
The idea that national wealth comes through exporting more goods than a country imports.
What is Mercantilism?
300
The amount of money that taxpayers can subtract from income for each family member.
What are Tax Exemptions?
300
It's what the government is doing when it issues bonds.
What is the the government's way of borrowing money it will have to repay in the future?
400
Twelve Regional Banks with a central decision-making board.
What is the Federal Reserve System?
400
Something everyone should have before choosing among investment options.
What is an investment objective?
400
A type of unemployment often caused by new technology.
What is Structural Unemployment?
400
Most of it is used to fund entitlements.
What is mandatory spending mostly used for?
400
They're graphically represented on the "Laffer Curve."
How can one graph how tax cuts affect tax revenues at various rates?
500
They save banks money because they do transactions more cheaply than humans.
What are Automatic Teller Machines (ATM's)?
500
The biggest risk associated with long-term CDs.
What is losing out on interest if rates go up?
500
A sustained fall in the purchasing power of money.
What is Inflation?
500
It's the main effect of transfer payments on the economy.
What is Income Redistribution?
500
It's a Monetary Policy where The FED sells bonds on the open market.
What is a Contractionary Monetary Policy?
M
e
n
u