Politics and Economics Vocabulary 2 Mr. Thacker

Chapter 16 Unit 4: Taxation

Identify and/or Explain

1. Federal government banker

2. Government securities auctions

3. Check clearing

4. Lending practices

5. Bank holding company

6. Truth-in-lending laws

7. Federal funds rate

8. Lender-of-last-resort

9. Discount rate

10. Prime rate

11. Fractional reserve banking

12. Net worth

13. M3

14. Deflation

Questions

1. List the four function of the Federal Reserve. (8)

2. List and explain the factors that affect demand for money. (12)