The euro makes it easier to transfer funds from country to country.

Today, money in the form of paper notes, coins, digital coin, or plastic cards is used as a way to pay for goods and services instead of the bartering system. 
Additional Facts: 
1.
2.
money provided by the government to assist an industry or a business


​the monetary authority of the United States that is responsible for regulating and supervising banking institutions



subsidy​

Federal Reserve Board​


​the expressed percentage of money set by the Federal Reserve that a bank must have on hand




​reserve ratio
the government's plan for adjusting its spending and how it will influence the nation's economy​



an excessive expense above what is considered a basic necessity


​fiscal policy


luxury expense​


​an expense where the consumer has little control over the amount that is to be paid


fixed expense​


an expense that varies in the amount that is to be paid​


​when the government spends less money than it collects in taxes



​flexible expense


budget surplus​



​when the government spends more money than it collects in taxes


deficit spending​

money issued by the government for the exchange of goods and services in a particular country


​currency

Social Studies:  Monetary Policy - Flashcards


Use the flashcards to help you memorize the following terms and definitions. Then try the worksheets shown on the Social Studies Homepage. Once you are ready to quiz yourself, click the Quiz link.