Monetary Units
What is the currency used by the United States?
What is the dollar (USD)
What is the Central Bank of the United States
The Federal Reserve
When you buy stocks what are you getting in return?
Shares
Assets and Investments that are easy and quick to sell
Liquid Assets
Whose responsible for Fiscal Policy
The Executive Branch (President), Legislative Branch (Congress)
When money is easy to carry and convenient in size, weight and denomination(s) this is called what in terms of Characteristics of money
Portability
Expansionary Monetary Policy is typically enacted to combat what type of economic event?
If you had invested 1000$ a piece into 3 different stocks and the initial asking price for them respectively was AMD: 10.87, CVS: 65.32, and KR: 92.38 and after several years you decided to sell them, the ending prices being AMD: 11.27, CVS: 42.11, and KR: 96.27, which experienced the highest growth in profit
KR
Investments like your house and cars are what type of assets?
Physical Assets
Which of these two policies goals is manage economic growth?
Fiscal Policy
Facilitates transactions between buyers and sellers
Money
Daily Double!
The name of the rate that Federal Reserve loans to other banks
Federal Funds Rate
The interest paid from having stocks for a long period of time is called a what?
Dividends
a Financial intermediary that provides retirement income.
Pension Funds
The goals of promoting price stability and maximum sustainable employment belong to what policy type?
Monetary Policy
Trading goods without the use of money is called what?
Bartering
What happens when the discount rate is raised by the Federal Reserve? In terms of loans
Less loans are taken out
If expectations are bad for a stock what happens to supply and demand?
Demand goes down, and Supply goes up
These type of assets were given to people and repaid with interest during World War II, they were called what?
Bonds
"The Fed has faced steady and often aggressive pressure from President Donald Trump to cut rates. The president has said a large move down in rates is justified by a number of factors, but part of his critique centers on the elevated interest costs now faced by the government as it sells bonds to cover oceans of red ink." the following quote is an example of what type of policy(s)
Both, Monetary and Fiscal Policy
If someone gave you a 20$ with my their face on it, what problem of the characteristics listed would you have with it
- Portability
- Durability
- Acceptability
- Divisibility
Acceptability
What does Contractionary Monetary Policy Combat?
Inflation
If you were given 2000$ and then you bought a stock at the price of 20$, how many shares would you have?
100
A form that your employer sends you that is a declaration of the money you made and taxes you paid throughout the previous year
W2
What type of policy does this quote represent "House Republicans released a budget resolution Wednesday that calls for cutting taxes by up to $4.5 trillion and sets a goal of slashing federal spending by $2 trillion. The blueprint comes one day before the House Budget Committee is scheduled to consider it."
Fiscal Policy