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MICRO CH 14 2021

Mr. Stickler's Liberty Christian Micro Ch. 14 Flashcards 2021

QuestionAnswer
What does the term "federal reserve system" mean/refer to? This term means "Privately owned, publicly controlled central bank of the United States".
What does the term "federal reserve notes" mean/ refer to? This term means "paper currency issued by the Fed in use today".
What is one (1) example of how a "barter economy" works? One (1) example of this is a farmer trades a pail of milk for a pair of shoes. (Pg. 384)
Created by: sticklerpjpII
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