Economics in Action Final 2010-11
You may have one page of handwritten notes to reference on the midterm.
Review the following terms and concepts. Review all Chapter Assessments
• Federal Reserve Systems- how did it improve banking?
• Powers of National Banking Acts of 1863-64
• GDP real vs. nominal
• Standard and Poor’s vs. Dow Jones Industrial Average
• Bear Market
• Gold Standard
• Financial services
• Interest
• Free enterprise system
• Bonds risks and benefits
• Market Classifications
• Divisibility
• Savings
• Liquidly
• Return
• Investment
• Securities and Exchange Commission
• Free Market enterprise
• Financial intermediary
• Primary market
• Secondary market
• Capital market
• Money market
• Financial services offered at banks, savings and loans, and credit unions
• Difference between commodity money and representative money?
• How does a debit card work?
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