| A | B |
|---|
| Exchanging goods and services for other goods and services use of money | Bartering |
| Coin and paper money | Currency |
| money in a checking account | Demand Deposit |
| the total amount of money available for use as a medium of exchange | Money Supply |
| amount of money borrowed for a certain time period | Loan |
| a system in which individuals in a market economy are free to undertake economic activities with littl e or no control by the govt. | Fractional Reserve Banking |
| central bank of the U.S., provides services to banks, regulates their activities, controls monetary policy | Federal Reserve System |
| 7 people appointed by the President for 14 year terms who are responsible for running the Federal Reserve System | Board of Governors |
| a slowdown of economic activity and production | Recession |
| a severe economic downturn in the economy | Depression |
