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| A regular allowance inteded to provide income security to someone who has worked a certain number of years, reached a certain age, or suffered a certain kind of injury. |
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| The formula used to compute the amount of reserves an instution must have. The Fed may change this requirement as it sees fit. |
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| Distinguished because it was printed with green ink back and front, ir was used as a legal tender, substituting silver and gold as payment. |
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| Brod social programs that are designed to provide minimum health, nutritional, and income levels for eligible individuals. |
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| A wage, fringe benefit, or work rule given up when labor contracts are renegotiated. |
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| A reciept showing that an investor has made an interest-bearing loan to a bank. |
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| A method used to close the income gap between men and woman, it says that people should receive equal pay for work that is different from, but just as demanding as, other types of work. |
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| A tax that imposes a higher percentage of tax on those with low income than on those with high income. |
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| It is a federal health-care program available to all senior citizens, regardless of their income. |
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| The cash and currency not needed to fulfill the reserve requirement. |
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| Otherwise known as a picket line, it's when the striking workers parade in front of the business, carrying signs about the dispute. |
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| Refusal to work until certain demands are met. |
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| A mass refusal to buy products from targeted employers or companies. |
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| A refusal to let the employees work until the employer's demands are met. |
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| When both sides agree to present the problem to a third party to settle the dispute. |
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| It requires a representative of the workers and of the employer to meet and compromise from both sides. |
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| It is a temporary takeover of operations of the company. This way, the government can negotiate with the union itself. |
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| The study of economics that deals with the economy as a whole, and with the behavior and decision making by large units, such as labor unions and governments. |
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| Stocks that represent ownership shares in corporations. |
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| A tax that is placed on the value that manufacturers add at each stage of production. It is similar to a national sales tax, and it has the potential to raise enormous amounts of revenues for the federal government. |
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| The tax on people's earning, it is the 16th Amendment and the major source for government revenues. |
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| Taxes on excess things, items of luxury. |
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| Charges levied for the use of a good or a service. |
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| A general tax put on consumer purchases of almost all products. |
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| The total sum of money set aside or needed for a purpose |
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| A federal program of disability and retirement benefits that covers most working people. |
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| 1 English shilling = 12 English pennies |
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| The Austrian taler looked like pesos. Eventually this became the basis of our dollar, which sounds somewhat alike. |
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| The standard unit of currency in America, the name derived from the Austrian taler. |
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| The dollar value that that is assigned to the bond. |
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| A tax that imposes the same percentage rate of taxation on everyone, regardless of income. |
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| A tax that imposes a higher percentage rate on people with a high income than one with a low income. |
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| The tax rate that applies to the next dollar of taxable income. |
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| Federal Deposit Insurance Corporation (FDIC) |
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Definition
| It was created to insure customer deposits in the event of a bank failiure. |
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| Federal Savings and Loan Insurance Company (FSLIC) |
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Definition
| Similar to the FDIC, it insures Save and Loan Deposits. |
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| The nations first true central bank that can lend money to other banks in times of need. It contains all the national banks and alsome so state-chartered banks as well. |
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| It is a process of money lending that may end up with more money than it actually is. |
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| A policy in which the Fed restricts the growth of the money supply, which drives the interest rate up. This would result for businesses to borrow and spend less, thusly slowing down economic growth. |
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| The best or lowest interest rate commercial bankers charge their customers. |
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| The tools, equipment, and factories used in the production of goods and services. |
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| The stated interest on the debt. |
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| An electronic marketplace for securities that are not listed or traded on an organized exchange. |
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| Markets in which options are traded. Most of the exchanges that offer futures also sell options. |
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| A market where money is loaned for periods of more than one year. Things such as long-term CDs and corporate and government bonds that have more than a year to mature are part of the capital market. |
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