Unit 7 Vocabulary

The use of government spending and tax policies to influence economic conditions

a set of actions to control a nations overall money supply and achieve economic growth

The central bank and monetary authority of the United States

The amount a lender charges a borrower and is a percentage of the principal the amount loaned

The amount of funds that a bank hold in reserve that it is able to meet liabilities in case of sudden withdrawals

The rate of return used to discount future cash flows back to their present value

Refers to the purchase and sale of securities in the open marker by the Fed

A financial institution that is licensed to accept checking and saving deposits and make loans

an organized association of workers, often in a trade or profession, formed to protect and further their rights and interests

A farm, business , or other organization which is owned and run jointly by its members, who share the profits and benefits