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Exhibit 10-8: Choose the term that is described in each of the phrases below.
-Refer to Exhibit 10-8.All subjects have IQ scores in the average range (90-110) .
Velocity of Money
How quickly money moves from one exchange to another and the rate of usage of a currency unit within a designated time period.
Money Supply
The full measure of financial assets available within an economy at a specific juncture.
Dodd-Frank Act
The Dodd-Frank Act is comprehensive financial reform legislation enacted in 2010 in the United States, aimed at reducing risks in the financial system by increasing transparency and accountability.
FDIC
The Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits at banks and thrift institutions, safeguarding depositors' money.
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