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CIV M7L2 Key Terms
Civics Module 7 Lesson 2 Key Terms
Term | Definition |
---|---|
Monetary Policy | Strategies used by the Federal Reserve to control the money supply and interest rates. |
Federal Reserve System | The central bank of the United States. |
Interest | A fee or payment based on an amount of money borrowed. |
Principal | The amount of money you borrow from the bank and have to repay. |
Bank Reserves | An amount of the money deposited in bank accounts that is not loaned out. |
Barter | To exchange or trade one good or service for another. |
Currency | Money |
Inflation | An increase in prices of goods and services over time. |