What is a standardized budget deficit-surplus

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Reference no: EM13770685

What is a standardized budget deficit/surplus? How is it different from actual budget deficit/surplus?

How is budget deficit/surplus related to public debt?

What is the approximate percentage of US public debt that is owned by foreigners?

What is the crowding-out effect?

Know the three functions of money.

The components of money supply (M1 and be able to explain how M2 is different from M1 [hint: liquidity])

What backs the dollar?

What gives dollar its value?

What is the Federal Reserve, its structure and functions?

Be able to calculate the money-lending potential of a commercial bank (excess reserves)

Reference no: EM13770685

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What is a standardized budget deficit-surplus : What is a standardized budget deficit/surplus? How is it different from actual budget deficit/surplus? How is budget deficit/surplus related to public debt? What is the approximate percentage of US public debt that is owned by foreigners? What is the..

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