Civics/Economics - Final Review 2024-2025

an institution that lends money to other banks

• central bank
• loan bank
• international bank
• tax bank

the town where a county courthouse is located

• county seat
• county center
• county capital
• county town

the interest rate that the Fed charges on its loans to financial institutions

• discount rate
• federal rate
• loan rate
• financial rate

law that prevents monopolies from forming and promotes competition

• antitrust law
• monopoly law
• trust law
• competition law

a situation that occurs when a government collects more revenues than it spends

• budget surplus
• budget deficit
• budget overflow
• balanced budget

the spending for federal programs that must receive approval each year

• discretionary spending
• mandatory spending
• ordered spending
• discount spending

a representative of a country's government in meetings with other countries

• diplomat
• secretary
• international visitor
• diplomometer

an economic system in which the government makes the major economic decisions

• command economy
• mixed economy
• market economy
• capitalist economy

economic system in which private citizens own the factors of production and decide how to use them to make money

• capitalism
• socialism
• marxism
• Americanism

the value of a nation’s currency in relation to another nation’s currency

• exchange rate
• trade rate
• money rate
• interest rate