1 / 47

EOC Review Civics and Economics

EOC Review Civics and Economics. Money, Banking and International Trade. What are the functions of money?. Medium of exchange Store of value Measure of value. What are coins? What is currency?. Currency- includes coins and paper money. What are commercial banks?.

tayte
Download Presentation

EOC Review Civics and Economics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. EOC ReviewCivics and Economics Money, Banking and International Trade Civics and Economics EOC Review

  2. What are the functions of money? Civics and Economics EOC Review

  3. Medium of exchange • Store of value • Measure of value Civics and Economics EOC Review

  4. What are coins? • What is currency? Civics and Economics EOC Review

  5. Currency- includes coins and paper money. Civics and Economics EOC Review

  6. What are commercial banks? Civics and Economics EOC Review

  7. Commercial banks are financial institutions that offer full banking services. • Examples? Civics and Economics EOC Review

  8. What is the FDIC? Civics and Economics EOC Review

  9. FDIC- Federal Deposit Insurance Corporation- insures individual account up to $250,000. Civics and Economics EOC Review

  10. What is the Fed? • How many district banks does it include? Civics and Economics EOC Review

  11. The Fed is the central bank of the United States. • Divided into 12 district banks. Civics and Economics EOC Review

  12. What group oversees the direction of the Fed? Civics and Economics EOC Review

  13. A Board of Governors oversees the Fed. • They are appointed by the Pres. and approved by the Senate. Civics and Economics EOC Review

  14. What is monetary policy? Civics and Economics EOC Review

  15. Monetary policy- controlling the supply of money and the cost of borrowing money. Civics and Economics EOC Review

  16. If the Fed wants to lower the interest rates…. • If the Fed wants to raise the interest rates… Civics and Economics EOC Review

  17. Expanding the $ supply = a lower interest rate. • Contracting the $ supply = a higher interest rate. Civics and Economics EOC Review

  18. What are the types of deposit accounts? Civics and Economics EOC Review

  19. Checking account • Savings account • Certificates of Deposit (CDs) Civics and Economics EOC Review

  20. What act of Congress established the FDIC? Civics and Economics EOC Review

  21. Glass-Steagall Banking Act Civics and Economics EOC Review

  22. What is the Gramm-Leach-Bliley Act? Civics and Economics EOC Review

  23. 1999; permits bank holding companies to engage in a full range of banking activities. • Could create “universal banks” Civics and Economics EOC Review

  24. What are imports? • What are exports? Civics and Economics EOC Review

  25. Imports- goods purchased from other countries • Exports- goods sold to other countries Civics and Economics EOC Review

  26. What is comparative advantage? Civics and Economics EOC Review

  27. Comparative advantage: • Ability of a country to produce a good at a lower cost than another country can. Civics and Economics EOC Review

  28. Why do nations trade? Civics and Economics EOC Review

  29. To obtain goods they cannot produce • Comparative Advantage • To create jobs Civics and Economics EOC Review

  30. What are tariffs? Civics and Economics EOC Review

  31. Tariff- custom tax, tax on imported good. Civics and Economics EOC Review

  32. What is a quota? Civics and Economics EOC Review

  33. Quota- limits on the amount of foreign goods imported Civics and Economics EOC Review

  34. What does free trade mean? Civics and Economics EOC Review

  35. Free trade- no limits or laws that block trades. Civics and Economics EOC Review

  36. What is the European Union? Civics and Economics EOC Review

  37. The European Union (EU) is a regional trade agreement in Europe. • Share currency, free trade agreements, etc. Civics and Economics EOC Review

  38. What is NAFTA? Civics and Economics EOC Review

  39. North American Free Trade Agreement (US, Canada, Mexico) Civics and Economics EOC Review

  40. What is the WTO? Civics and Economics EOC Review

  41. WTO- World Trade Organization. • International body regulating trade among nations. Civics and Economics EOC Review

  42. What is a trade deficit? Civics and Economics EOC Review

  43. Trade deficit- • When the value of the products it imports exceeds the value of the products it imports. Civics and Economics EOC Review

  44. What is a trade surplus? Civics and Economics EOC Review

  45. Trade surplus- • When the value of its exports exceeds the value of its imports. Civics and Economics EOC Review

  46. What is the United Nations (UN)? Civics and Economics EOC Review

  47. The United Nation’s goal is keeping peace among the countries of the world. Civics and Economics EOC Review

More Related