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Cortez Stoltenberg

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Term1/18
Who sets prime rate
Definition1/18

the Federal Open Market Committee (FOMC),

Term1/18
What is a trade-off
Definition1/18

A trade-off is an alternative that we sacrifice when we make a decision.

Term1/18
Which of the following tools is an example of monetary policy
Definition1/18

the government restricts the amount of money that banks can lend.

Term1/18
How can population changes affect demand for certain goods
Definition1/18

immediate demand for a good will go up if it's price is expected to rise.

this is how population changes affect demand for certain goods.

Term1/18
What is the effect of the interaction of buyers and sellers on a market
Definition1/18

agreement on the price and quantity traded

Term1/18
Government programs that protect people experiencing unfavorable economic conditions are
Definition1/18

Safety Net!

Term1/18
The federal budget is put together
Definition1/18

by congress and the whitehouse

Term1/18
In a traditional economy what are the economic decisions based largely on
Definition1/18

Customs and traditions.

Term1/18
What is an example of scarcity rather than shortage
Definition1/18

A person wants an endless supply of everything but cannot have it.

Term1/18
What change in monetary policy could eventually cause overborrowing and overinvestment
Definition1/18

a decrease in the money supply

Term1/18
What is it called when banks record which account gives up mpney and which account receives money when a customer writes a check
Definition1/18

Check Clearing

Term1/18
Which of the following is most important characteristic of an entrepreneur
Definition1/18

hard work and patience

Term1/18
What is the abbreviation for the research arm of the federal reserve
Definition1/18

FAC (Federal Advisory Councel)

Term1/18
How do you change federal funds rate
Definition1/18

The federal funds rate is the interest rate banks charge on loans in the federal funds market. The federal funds rate is not set administratively by the Fed. Instead, the rate is determined by the supply of reserves relative to the demand for them.

Term1/18
What is the federal reserve best known for
Definition1/18

For regulating the nations money supply

Term1/18
What is the money multiplier formula
Definition1/18

The money multiplier formula is the amount of new money that will be created with each demand deposit, calculated as 1 ÷ RRR.

Term1/18
In The Recent Past The Federal Reserve Has Set The Discount Rate
Definition1/18

above the federal funds rate

Term1/18
What is the most-used instrument for controlling week-to-week changes in the money supply
Definition1/18

open market operations

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Cards in this guide (18)
Who sets prime rate

the Federal Open Market Committee (FOMC),

What is a trade-off

A trade-off is an alternative that we sacrifice when we make a decision.

Which of the following tools is an example of monetary policy

the government restricts the amount of money that banks can lend.

How can population changes affect demand for certain goods

immediate demand for a good will go up if it's price is expected to rise.

this is how population changes affect demand for certain goods.

What is the effect of the interaction of buyers and sellers on a market

agreement on the price and quantity traded

Government programs that protect people experiencing unfavorable economic conditions are

Safety Net!

The federal budget is put together

by congress and the whitehouse

In a traditional economy what are the economic decisions based largely on

Customs and traditions.

What is an example of scarcity rather than shortage

A person wants an endless supply of everything but cannot have it.

What change in monetary policy could eventually cause overborrowing and overinvestment

a decrease in the money supply

What is it called when banks record which account gives up mpney and which account receives money when a customer writes a check

Check Clearing

Which of the following is most important characteristic of an entrepreneur

hard work and patience

What is the abbreviation for the research arm of the federal reserve

FAC (Federal Advisory Councel)

How do you change federal funds rate

The federal funds rate is the interest rate banks charge on loans in the federal funds market. The federal funds rate is not set administratively by the Fed. Instead, the rate is determined by the supply of reserves relative to the demand for them.

What is the federal reserve best known for

For regulating the nations money supply

What is the money multiplier formula

The money multiplier formula is the amount of new money that will be created with each demand deposit, calculated as 1 ÷ RRR.

In The Recent Past The Federal Reserve Has Set The Discount Rate

above the federal funds rate

What is the most-used instrument for controlling week-to-week changes in the money supply

open market operations

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