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Chapter 6
Chapter 7
Chapter 8
Chapter 16
Chapter 17
100
This occurs when the borrowing by the federal government reduces borrowing by households and businesses
What is Crowding
100
Anything that is generally accepted as a medium of exchange.
What is Money
100
The amount of actual reserves that a financial depository institution must keep to back its deposits.
What is Require Reserves
100
The buying and selling of goods and services among different countries
What is International Trade
100
The number of units of a nation's currency that is equal to one unit of another nation's currency.
What is Exchange Rate
200
Money from the government for which no direct work is performed in return.
What is Transfer Payment
200
System in which goods and services are exchanged for each other rather than for money.
What is Barter System
200
Changing the money supply to influence the levels of output, employment, and/or prices in the economy.
What is Monetary Policy
200
A tax on an import
What is Tariff
200
The amount of gold backing a nation's monetary unit is reduced.
What is Devaluation
300
Changes in tax policies and structures
What is Tax Reform
300
Measured by the goods, services, and resources that money can purchase.
What is Value of Money
300
Market in which banks borrow reserves from other banks.
What is Federal Funds Market
300
Goods and services con be exported and imported by anyone in any country with no restrictions.
What is Free Trade
300
A market for the trading of two nations' monies.
What is Foreign Exchange Market
400
The particular thing on which a tax is levied
What is Tax Base
400
Ease of converting an asset to its value in cash or spendable funds.
What is Liquidity
400
A financial depository institutions' reserve account plus its vault cash.
What is Actual Reserves
400
Selling a product in a foreign market below cost or below its price in its own domestic market.
What is Dumping
400
Exchange rates fluctuate little, if at all, because the values of nation's monies are defined in terms of gold.
What is Fixed Exchange Rate
500
The accumulated total debt of the federal government due to deficit spending
What is National Debt
500
Average number of times the money supply is turned over in a year in relationship to GDP.
What is Velocity of Money
500
The price paid to borrow money, a percentage of the amount borrowed.
What is Interest Rate
500
A ban on trade on a particular commodity or with a particular country
What is Embargo
500
The figure that results when merchandise imports are subtracted from exports.
What is Balance of Trade