Listed Below Are Five Terms Followed by a List of Phrases

question 135

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ Allows users to purchase items without having to pay cash immediately.

• A)Cash equivalent
• B)Bank reconciliation
• C)Petty cash
• D)Debit card
• E)Credit card

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Definitions:

Monetary Policy

Monetary policy involves the management of a nation's money supply and interest rates by its central bank to influence economic activity, inflation, and unemployment.

Effectiveness Lag

The delay between the time a policy or action is implemented and when its effects are observed and felt in the economy or targeted area.

Recognition Lag

The delay between the time when an economic problem or trend is identified and the time when it is officially recognized.

Discretionary Policy

Economic policies based on the judgment of policymakers rather than set by predefined rules.