| A | B |
|---|
| marketplace | where goods and services are sold |
| antitrust legislation | law intended to promote free competition |
| monopolies | only one provider of a good or service |
| global trade | trade between countries |
| Federal Communications Commission | regulates interstate communications |
| Environmental Protection Agency | enforces environmental laws |
| Federal Trade Commission | regulates national advertising and enforces antitrust laws |
| interstate highways | system of highways linking major cities |
| national defense | an activity performed to protect a nation against attack |
| 16TH AMENDMENT | Income tax, tax on incomes |
| demand | the ability and desire to purchase goods and services |
| Federal Reserve System | central banking system of the US; 12 members |
| currency | what is used as a medium of exchange, money |
| circulation | money spent in COMMERCE |
| money supply | the amount of money that is in circulation in the economy |
| interest rates | cost of borrowing, the additional money you pay when repaying a loan |
| reserve requirement | percentage of funds the Federal Reserve Board requires that member banks maintain on deposit |
| discount rate | the percentage rate charged by the BANK for processing a merchant's transaction |
| securities | stocks and bonds |
| commerce | buying and selling |
