Currency
This is anything used in exchange for goods and services.
What is money?
This is a strategy taken by the central banks to regulate the money supply.
What is Monetary Policy?
This is the governments use of taxing and spending to keep the economy stable.
What is Fiscal policy?
When a borrower has to pay back a loan in a specified number of payments with interest over a period of time.
What is closed-ended/instalment credit?
This is what a stockholder receives when they buy a stock for more than what they paid for it.
What is capital gain?
This is the most important function of money.
What is medium of exchange?
This entity includes a board of governors, the 12 district banks, and an Open Market Committee. Its chairman is currently Jerome Powell.
What is the Federal Reserve?
This is the formula for GDP.
What is GDP= C+I+G+XN?
This is the document that must be filled out in order for the borrower to obtain credit.
What is a credit application?
This type of investment is government issued and can earn interest if not cashed in for a specified time period.
What is a bond?
This type of money is defined by the government as legal tender.
What is fiat money?
The reserve requirement is lowered for this type of policy.
What is expansionary?
This is what the government does during expansionary periods to help increase output.
What is increasing government spending and decreasing taxes?
This is the interest rate or charge to borrow money.
What is APR?
These are the two largest stock markets in the United States.
What are wall street (NYSE) and NASDAQ?
An example of this type of money is credit cards and gift cards.
What is representative money?
An example of this is to sell bonds to banks to decrease money supply.
This happens when it takes time for Fiscal Policy to be enacted and it takes time for the changes to be made.
What are delayed results?
Your ability to pay the debt after paying other monthly expenses.
What is your credit character?
This is a slow rising over time type of market.
What is a bull market?
Prior to 1971, this limited the growth of the economy because the U.S. backed its currency on the value of gold.
What is the Gold Standard?
This is the goal of Monetary Policy during a period of inflation.
What is decreasing spending and the money supply?
This is a reason why fiscal policy doesn't always work and when economists disagree on where the economy is headed.
What is predicting the future?
This can be the biggest contributor to lowering your credit score.
What is making a late payment?
This index tracks the performance of 500 different companies and their stocks.
What is the S&P 500?