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Across
- 2. a school of thought that stresses the importance of stable monetary growth to control inflation and stimulate long-term growth
- 4. (two words, no space) a system requiring financial institutions to set aside a fraction of deposits in legal reserves
- 8. (two words, no space) a policy with high interest rates designed to restrict access to credit
- 9. (two words, no space) a policy with low interest rates designed to expand access to credit
- 10. (two words, no space) the price of credit to a borrower
- 11. the central banking system of the United States of America
- 12. (two words, no space) actions by the Fed to expand or contract the money supply and availability of credit
Down
- 1. (two words, no space) a technique used by the fed to keep interests rates low and encourage banks to take on more loans to stimulate the economy
- 3. (two words, no space) currency and deposits used to meet the reserve requirements
- 5. (two words, no space) formula used to compute the amount of a depository institution's required reserves
- 6. controls in the form of regulations that make it illegal for firms to give raises or raise prices without government permission
- 7. (two words, no space) a hypothesis that the supply of money directly affects the price level over the long run