American Economics

What are the three main types of businesses?

• proprietorship

• partnership

• corporation

• monopoly

• friendship

How does liability effect what type of business is best?

• corporations protect owners from personal liability

• partnerships protect owners from personal liability

focused on business, more convenience

• banks

• credit unions

• savings & loans

focused on people and community

• banks

• credit unions

• savings & loans

focused on real estate

• banks

• credit unions

• savings & loans

Role of the Federal Reserve

maintain the value of the national currency, the _____________

• dollar

• banks

• inflation

• bank

Role of the Federal Reserve

regulates _____________ to ensure the strength of the banking system.

• dollar

• banks

• inflation

• bank

Role of the Federal Reserve

manages the amount of money to keep ______________ low

• dollar

• banks

• inflation

• bank

Role of the Federal Reserve

acts as the federal government's _______________

• dollar

• banks

• inflation

• bank

international trade of people, ideas, goods & services

• globalization

• federal reserve

• producers

• propagation