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Unit 14 Vocabulary

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