Chapter 2 Vocabulary

10 terms by corodr0605

Create a new folder

Advertisement Upgrade to remove ads

Currency

All media of exchange circulating in a country.

Federal Reserve Act of 1913

Created a system to stabilize the banking system.

Reserve Liquidity

Ways to convert reserves readily to cash.

Margin

Stock bought for a fraction of its price and resold at a profit without the full purchase price of the stock ever having been paid.

Bank Run

Occurs when many people try to withdraw their money at once.

Federal Deposit Insurance Corporation (FDIC)

Guarantees deposits against bank failures up to $100,000 per depositor, per bank, and sometimes even more for special kinds of accounts or ownership categories.

Inflation

Occurs when rising prices decrease the value of money.

Stagflation

Condition of slow economic growth and high unemployment.

Recession

Occurs when there is a decline in total production lasting a minimum of two consecutive quarters (at least six months).

Great Depression

The worst and longest economic crisis of Western industrialized nations during the twentieth century; it began in 1929 and extended worldwide until about 1939.

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording

Create Set