| A | B |
|---|
| federal government | regulates banking industry |
| banks | places to store money safely & borrow money |
| most common institutions | banks, savings banks, credit unions |
| credit unions | institutions owned by its members |
| government gets money from individuals from | taxes |
| government provides individuals with | service |
| business provide this for individuals | income and goods |
| global economy | worldwide markets for all nations |
| one reason we trade with other nations | to obtain what we can't produce |
| a reason we sell to other countries | to create more jobs at home |
| when the economy stops growing | businesses close & workers lose jobs |
| the Federal Reserve | regulates the nation's money supply |
| Richmond | the closest Federal Reserve bank |
| Board of Governors | those responsible for running the Fed. Reserve |
| Jobs of the Fed. Reserve | clear checks, supply currency, govt. checking & debt |
| One way the Feds can influence the amount of money available | change the discount rate |
| Main goal of Fed. Reserve | keep the economy steady |
