Macroeconomics Summative M

The central bank in the USA that regulates the monetary system

• The Fed
• FDIC

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

• Required Reserve
• Credit

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

• Open Market Operation
• Discount Rate 

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

• 9
• 12

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

• Contractionary
• Expansionary

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

• Physical Policy
• Fiscal Policy

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

• Contractionary
• Expansionary

Property Tax is-

• a tax on things you buy or purchase
• a tax on the house you own

A flat tax is the same as a

• Proportional Tax
• Progressive Tax

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

• gift
• estate