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The euro makes it easier to transfer funds from country to country.

Today, society accepts money as a way to pay for goods and services.
Additional Facts: 
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2.
​money provided by the government to assist an industry or business


​the monetary authority of the United States that is responsible for regulating and supervising banking institutions



subsidy​

Federal Reserve Board​


​the expressed percentage of money set by the Federal Reserve that a bank must have on hand




​reserve ratio
the government's plan for adjusting its spending and how it will influence the nation's economy​


​an expense that a consumer can live without


​fiscal policy


luxury expense​


​an expense where the consumer has little control over the amount that is to be paid


fixed expense​


an expense that varies in the amount that is to be paid​


​when the government spends less money than it collects in taxes



​flexible expense


budget surplus​



​when the government spends more money than it collects in taxes


deficit spending​

​a system of money issued by the government and used in a particular country


​currency

Use the flashcards to help you memorize the following terms and definitions. Once you are ready to quiz yourself, click the Quiz link in the Some Helpful Tools section at the bottom of this page.
Social Studies:  Monetary Policy - Flashcards