Unit 4 Monetary & Fiscal Policy Vocabulary Flashcard

Front

Buying & selling government securities to change the supply of money

Back

open market operations

Front

regulations on the minimum amount of reserves that banks must hold against deposits

Back

Reserve Requirements (RR)

Front

A government policy for dealing with the budget (especially with taxation and borrowing)

Back

fiscal policy

Front

Money that has value because the government has ordered that it is an acceptable means to pay debts.

Back

fiat money

Front

What is an example of income? Options: taxes, expenditures, expenses, revenue

Back

revenue

Front

managing the economy by altering the supply of money and interest rates (Federal Reserve)

Back

monetary policy

Front

Fees for the support of government required to be paid by people and businesses.

Back

Taxes

Front

Exchange goods without involving money.

Back

barter

Front

The country's central banking system, which is responsible for the nation's monetary policy by regulating the supply of money and interest rates

Back

Federal Reserve System

Front

monetary policy resulting in lower interest rates and greater access to credit; associated with an expansion of the money supply

Back

easy money policy