Modules 11-13

Question 1

GDP

Answer 1

gross domestic product (within the country)
any activity within the US
released quarterly
Commerce Department
positive - economy growing
negative - economy contracting

Question 2

CPI

Answer 2

consumer price index
“constant dollar measurement”
computed monthly
rate of increase or decrease in prices

Question 3

GNP

Answer 3

gross national product
activities of US citizens/entities either in or out of the nation
released quarterly
Commerce Department

Question 4

real GDP

Answer 4

GDP adjusted for inflation/deflation using CPI
constant dollar (inflation adjusted) measurement

Question 5

DDA

Answer 5

demand deposit account
(checking accounts)

Question 6

FOMC

Answer 6

Federal Open Market Committee
p179

Question 7

Regulation T

Answer 7

the current initial deposit = 50% of purchase price

Question 8

jumbo CD

Answer 8

large time deposit
negotiable time deposit
$100,000 or more