Question

exam 15
and lesson 5.15 federal reserve and answer the following questions.
question 1
what term matches the definition below:
the central bank of the united states. it was created to promote a stable economy.
a. federal reserve
b. interest rate
c. gross domestic product
d. inflation
question 2
what term matches the definition below:
the amount of a loan charged over and above the principal amount by the lender from the borrower.
a. federal reserve
b. interest rates
c. gross domestic product
d. inflation
question 3
what term matches the definition below:
the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time
a. inflation
b. interest rates
c. federal reserve
d. gross domestic product
question 4
what term matches the definition below:
a general increase in prices and fall in the purchasing value of money.
a. interest rates
b. gross domestic product
c. inflation
d. federal reserve

Explanation:

Question 1

The Federal Reserve is the central bank of the US, established for economic stability. Interest Rate is about loan charges, GDP is economic output, and Inflation is price increase. So the correct term is Federal Reserve.

Interest Rates are the extra amount (over principal) lenders charge borrowers. Federal Reserve is the central bank, GDP is economic output, and Inflation is price rise. So the correct term is Interest Rates.

Gross Domestic Product (GDP) is the monetary value of final goods/services produced in a country in a period. Inflation is price increase, Interest Rates are loan charges, and Federal Reserve is the central bank. So the correct term is Gross Domestic Product.

Answer:

a. Federal Reserve

Question 2