Test 3 Review Sheet

 

Econ Test 3 Review

 

Terms to know:

 

Business Cycle

Capital Gains

Demand for Money

Depression

Dividends

Entrepreneur

Federal Deficit

Federal Reserve Bank

Fiat Money

Gross domestic product

Inflation

Investment

Labor

Mutual Funds

Recession

Velocity

 

 

2 Fundamental Laws

3 methods the Fed uses to control the economy

3 stages of inflation

4 types of retirement accounts

Difference between Blue and White collar workers

Difference in Wage and Salary

FDIC and their function

The number of regional banks in the Federal Reserve System

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