Monday, January 25

Final Review

Jeopardy Final

Tuesday/Wednesday January 19-20

Credit Card Notes

How to write a check- write out the following numerical values in words as you would do so when writing a check
$14.56
$53.78
$74.00
$135.00
$392.12
$437.48
$872.12
$1,285.00
$6,189.87
$13,616.90

Thursday/Friday January 14-15

Banking Today Notes:https://docs.google.com/file/d/0B_gpVfHfuRG2dU15TWlyUk92OEU/edit

We discussed Tight vs Easy Money Policy, 

Monetary Policy Worksheet

1.If you deposit $1,000 of borrowed money in a bank checking account, by how much do you increase the money supply?

2. Why does the Federal Reserve establish a required reserve ratio?

3. What three tools could the Federal Reserve use to adjust the money supply?

4. What two effects, leading to an increased money supply, could reducing the RRR have?

5. How do banks respond to a lowered discount rate?

6.  How does a raised discount rate affect bank loans and the money supply?

7.  How does the Fed’s sale of bonds reduce the money supply?

8.  Which of its monetary policy tools does the Federal Reserve use most often?

Tuesday/Wednesday, January 12-13 Work

History of Banking Notes

Watch the video here: Your Bank Has Failed

See me about taking the quiz

History of Banking Table

Make a T-Chart
One side of the chart needs to say States and the other Federal.  List on each side the respective reasons each side would give on how they feel the banking system should be run. 

Monday, January 11

Tax Exam!

Thursday/Friday January 7-8

Business Cycle Notes: pp 310-315

Tax review questions

1. What type of tax does the Federal government get most of their money from?  What about State government? What about Local government?

2. What is an excise tax?

3. What is cyclical unemployment?  Give an example.

4. What is seasonal unemployment?  Give an example.

5. What is a progressive tax mean? Who does it impact the most?

6.  What are the four characteristics of a good tax?  Explain the meaning of each.

7. What is a customs tax? Is it progressive?

8. What is structural unemployment?  Give an example.

9. What is a regressive tax? What types of taxes are regressive?

10. What are the characteristics of an expansion period?

11. What are the characteristics of a contraction period?

12. When does cyclical unemployment take place?

13. How do frictional and structural unemployment differ?

14. What are the 3 main indicators of the economy?

15. What is Gross Domestic Product?

16.  Explain how proportional taxes work.

17. What form do you fill out when you get a job?  How is the form used?

18. What is a W2?

19. Why do you fill out a 1040?

20. What is pay-as-you-earn taxation?

Exam Monday!!!

Tuesday/Wednesday January 6-7

Today we discussed/showed what the W2, W4,  and 1040EZ forms are.

Prezi on Unemployment: http://prezi.com/3zgtoinox-mf/copy-of-eco-chapter-13-section-1/

See me for the worksheet if you missed class.