Monetary Policy

What is the total value of goods and services produced each year, for a country?

• FOMC

• GDP

• Monetary Policy
• Fiscal Policy

What is the percentage of the cost of a loan or investment account?

• interest rate
• inflation
• deflation
• GDP

What happened with a price increase?

• deflation
• inflation
• loose money
• tight money

What is the amount of money held within the FED & circulated through the economy?

• Fiscal Policy
• Monetary Policy
• Money Supply

• FOMC

What are the objects that have a specific value (ex: check) , that can be exchanged for something else of equal value?

• Fiat Money

• Representative Money

• Commodity Money

• Money Supply

What is the monitoring/ budgeting of revenues and expenditures of the country's accounts?

• Fiscal Policy

• Monetary Policy
• Money Supply
• FED

What are objects (ex: house) that have value and are also used as money?

• Fiat Money

• Commodity Money

• Representative Money

• Electronic Money

What does NOT happen when the FED alters the Money Supply?

• Interest Rates change
• Money Value changes
• Demand changes 
• Production remains the same

What policy can cause a low demand and production levels?

• Loose Money
• Tight Money
• Fiscal
• Monetary

What is NOT a characteristic of currency?

• durability
• portability
• uniformity
• unlimited supply