Ohio and Economic Vocabulary

This is a paper component of the money supply, today consisting of Federal Reserve notes.

• coins
• currency
• both coins and currency
• debit cards

Interest rate that the Federal Reserve System charges on loans to the nation's financial institutions.

• discount rate
• prime rate
• monetary rate
• explicit rate

Selling bonds

• increases money supply
• decreases money supply

Buying bonds

• increases money supply
• decreases money supply

High reserve requirements 

• lower the money supply
• increase the money supply

Low reserve requirements 

• lower the money supply
• increase the money supply

"The Fed" refers to the....

• Federal Bureau of Investigation
• Federal Government
• Federal Reserve System
• Federal Income Tax

what is progressive tax?

• nothing important
• income tax 
• tax that takes larger percentage from people that make more money than other
• tax that takes larger percentage from people that make less money than everyone else 

Money that Congress is MANDATED or required by existing law to spend on certain programs or to use for interest payment on the national debt.

• mandatory spending

• discretionary spending

• entitlements

• tariffs

Spending about which lawmakers are free to make choices, such as defense and education

• mandatory spending

• discretionary spending

• entitlements

• tariffs