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Unit 14 Vocabulary

Across
More expenditures than revenue
More revenue than expenditures
Money the government brings in over a defined period
Percent of loan charged to borrow money (the cost of money)
Spending required and set by current laws
Use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy
Legally regulated amount of funds a bank must keep in reserve (on hand)
Tax where high earners pay a higher percentage
Local tax on value of property – land, vehicle, etc.
Official form of payment recognized by law to meet financial obligations
Printed bills & coins
Tax paid upon sale of certain goods & services
Tax paid by employer or withheld from pay check based on wage or salary
Down
A sum paid or charged for a service
A means of raising money by selling numbered tickets and giving prizes to the holders of numbers drawn at random
An intermediary (representative of something else) to help in the sale, purchase, or trade of goods
Increase $ supply at a faster rate
Investor loans money to government for a defined period for interest (also called Fixed Income Securities)
Tax where lower income earners pay a higher percentage of income
Tax on imported goods or services
Flat tax, all tax payers pay the same percentage
Actions of a central bank or other regulatory body to manage the money supply
A sum imposed as punishment for an offense
Domestic tax on specific items like cigarettes, gas, & alcohol
Tax based on annual income