Econ Unit 2 Review

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Across
  1. 4. when you have something another person wants, and they have something you want, allowing you to trade with one another
  2. 8. Money based on no silver or gold savings, distributed by the government and valuable based upon our belief it will be accepted
  3. 9. Current Chair of the Fed
  4. 13. Partial ownership of a corporation is gained through purchasing
  5. 14. The most powerful person on the Board of Governors for the Fed
  6. 16. Money that is accessible in a short delay, like CD’s, Stocks or Bonds
  7. 20. A person holding more than 50% of the stock for a corporation and controlling the business
  8. 21. The Banks have two functions, the first is to
  9. 23. The second function of the bank is to…
  10. 25. A type of corporation owned entirely by private citizens, like Disney
  11. 26. A product which is the same regardless of who makes it, like corn
  12. 27. Laws which protect consumers from abusive pricing in a non-competitive market
  13. 29. Government organization responsible for ensuring investors have accurate information and are not being taken advantage of or deceived
  14. 30. A type of corporation owned entirely or largely by the government, like ABC Stores
Down
  1. 1. When the business takes on the qualities of a person, protecting its owners from liability
  2. 2. Investing in stock you believe will increase in value in the short term, buying low and selling high to earn profits, similar to gambling
  3. 3. Organization responsible for preventing abusive behavior by big businesses
  4. 5. The Federal Reserve Bank is also sometimes called the…
  5. 6. Currency with a use outside of being money, like salt or tobacco
  6. 7. A Form of business ownership with 2 or more owners, and unlimited personal liability
  7. 10. Money that is immediately accessible, cash, checks, debit
  8. 11. the system of trade utilized before money existed
  9. 12. A form of business ownership with one owner, and unlimited personal liability
  10. 15. The 12 smaller banks responsible for providing services, distributing and restricting currency on behalf of the Fed
  11. 17. The least common form of business ownership in the US
  12. 18. The belief investors would make more and more money without businesses actually becoming more successful, leading to the stock market crash in 1919
  13. 19. Money which is guaranteed to be accepted by all creditors in the country
  14. 22. A group of businesses providing similar products is called an…
  15. 24. The first time a corporation sells its stock is called an…
  16. 28. Banks which were chartered within Federal guidelines, by the Comptroller of the Fed