Macroeconomics Summative M

Front

The central bank in the USA that regulates the monetary system

Back

The Fed

Front

The percentage of a deposit that a bank must hold on to is called the ______.

Back

Required Reserve

Front

The minimum interest rate set by the Federal Reserve for lending to other banks.

Back

Discount Rate

Front

How many Federal Reserve Districts are in the U.S?

Back

12

Front

#4 on the business cycle is an example of: contractionary policy or expansionary policy? Remember, this is to SLOW down growth.

Back

Contractionary

Front

The federal government's overall approach to spending and taxes is called

Back

Fiscal Policy

Front

#2 on the business cycle is an example of: contractionary policy or expansionary policy? This is the increase growth.

Back

Expansionary

Front

Property Tax is-

Back

a tax on the house you own

Front

A flat tax is the same as a

Back

Proportional Tax

Front

The _____ tax is a tax on your right to transfer property upon your death.

Back

estate