Government
Taxes
The FED
Money
Miscellaneous
100
This organization in the United States employs the greatest number of people.
What is the government.
100
This tax takes the same percentage of income from individuals
What is a proportional tax?
100
The FED is the government's bank, just like Savings and Loan institutions used to be a bank for this type of group.
What are home-building societies?
100
Money is used as this when people compare prices of two items.
What is a standard of value?
100
Government attempts to create equity between the rich and the poor through these.
What are transfer payments?
200
Before the great depression most Americans enjoyed this type of attitude toward the economy.
What is Laissez-Faire.
200
This tax might take 35% from an individual making $100,000 and 25% from an individual making $60,000
What is a progressive tax.
200
By serving as a clearinghouse for checks and making loans to banks, the FED makes the work of commercial banks ___.
What is easier?
200
Metals have been used before as money because they possess this characteristic of money.
What is durability?
200
A Point of Sale Terminal is used to do this.
What is pay for an item with a credit card or debit card?
300
This set of programs helped the government deal with the Great Depression, brought about a change in public attitudes, and remain, to a degree, a large part of government spending today.
What is the New Deal
300
This is an example of a regressive tax because only certain goods and services are taxed.
What is a sales tax?
300
By keeping government deposits, advising legislative action, and regulating bank activity, the FED serves as this.
What is the government's bank?
300
When metals are used as money, they are classified as this form of money.
What is commodity money?
300
Reducing demand, reducing inflation, and increasing interest rates are all outcomes of this.
What is tight-money supply.
400
National Emergencies, Increasing Population, and Changing Attitudes all led to the growth of this.
What is Government?
400
One way Congress can reduce unemployment is by lowering these.
What are taxes?
400
By ensuring banks have enough money, by regulating bank mergers, and monitoring bank holding companies, the FED serves as this for the government.
What is a financial watchdog? (or overseer)
400
This is the type of money in the United States.
What is Fiat or Government backed money?
400
This is by far the best Adam Sandler movie of all time.
What is Billy Madison.
500
This often causes prices to rise, supply to fall, and costs of production to increase.
What is government regulations (or taxes).
500
This is the result of government spending being larger than government revenue in a given year.
What is a budget deficit.
500
The measure of money that is the strictest form, counts only money in cash, deposits, and travelers checks.
What is M1 or Money Supply 1
500
When money is non-perishable and retains its value over time it maintains this function.
What is store of value.
500
This running back led the NFL in total yards from scrimmage for four consecutive years, was named NFL MVP in 1991, and was the starting running back, ahead of Barry Sanders, at Oklahoma State.
Who is Thurman Thomas, #34 Buffalo Bills.