Show:
It's Only "Money"
Inflation
The FED
Taxation
It's all Relative
100
Cotton and linen are the primary component that make up dollar bills but they are also the primary material in these.
What are jeans?
100
In economic terms, CPI stands for what?
What is Consumer Price Index
100
The days of Christmas, or the number of Federal Reserve banks in the United States
What is 12
100
The government gets money or income from this.
What are taxes
100
The Fed established by Congress in what year?
What is 1913
200
He fought in the Civil War and also found himself on the front of the $50 dollar bill.
What is Ulysses S. Grant
200
This occurs when the purchasing power of money falls so low that consumers begin to buy gold, diamonds
What is Hyperinflation
200
The The FOMC stands for what?
What is Federal open market committee
200
A tax in which the tax rate increases as the taxable base amount increases is better known as a what?
What is Progressive tax
200
This type of spending accounts for 2/3 of total spending in the economy.
What is Consumer Spending
300
Independence Hall is found on the back of what US currency?
What is $100 dollar bill
300
This is categorized as the total value of goods and services produced in a country in a given year
What is Gross Domestic Product
300
The board of governors is appointed by the President and are confirmed by this
What is the US Senate
300
A tax imposed so that the tax rate is fixed, with no change as the taxable base amount increases or decreases is better known as a what?
What is Proportional tax
300
This state was where the first government authorized paper money was issued.
What is Massachusetts
400
The highest denomination of US currency ever printed.
What is the $100,000 Bill
400
The total amount of money a government owes is what?
What is National Debt
400
The days in a week or the number of members on the board of governors
What is 7
400
A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases is better known as this.
What is a Regressive Tax
400
This is one of the leading indicators of economic activity and is generally viewed as an indicator of business and consumer confidence in the economy.
What is The Stock Market
500
Medium of exchange, Unit of account and Store of value are better known as what?
What is 3 functions of money
500
A rise in unemployment & a reduction in GDP is a characteristic of what phase of the business cycle?
What is Recession
500
This president signed the Federal Reserve act into law and had his face slapped on the $100,000 dollar bill
Who is President Woodrow Wilson
500
In the United States, the Income Tax laws are written by this.
What is Congress
500
The interest rates on overnight loans between banks is better known as the?
What is Federal Funds Rate