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Study Guide Answers
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1.
Money, as a medium of exchange, enables us to trade our labor for the labor of others
without ___________________.
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barter |
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2.
Money, as a standard of __________________ , measures value in terms of mediums of exchange.
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value |
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3.
Money, as a _________________________ of value, makes it possible to save the value of
what we sell for a later date.
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storehouse |
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4.
To be efficient, money that is saved must be loaned to others at a rate of
______________________________ they can afford to pay.
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interest |
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5.
The nation's commercial banks create our money supply by making ______________________ .
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loans |
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6.
All borrowers except the ________________ ______________________ must repay the money that has been borrowed.
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federal government |
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7.
Only the ______________________ can permanently increase the money supply to take
care of growth.
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government |
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8.
When there is much unemployment and prices continue to rise, it means there is plenty of money, but that unwise ______________________ policies keep it from being used for the good of all people.
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taxation |
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9.
_________________ cuts reduce the amount of money that's available to operate the government.
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Tax |
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10.
_________________________ will stop rising prices, but at the cost of hardships to workers.
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Unemployment |
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11.
Government spending for productive jobs will add to the wealth of the _______________ .
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nation |
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12.
Massive _________________ _______________ projects are a sign that an economy is
vibrant and that the government is looking to the future.
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public works |
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13.
If a government must spend money to help its unemployed, it would be better to spend the money to create ______________________ .
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jobs |
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14.
Inflation, deflation, _____________________ , unemployment, and fluctuating prices are problems that can be solved if an informed electorate can convince its elected officials to act responsibly.
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recession |
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© Educational Video Network, Inc. 2005 - www.evndirect.com
Your leading source for curriculum-based educational videos and DVDs.
|