RESEARCH A CURRENT BUSINESS ARTICLE ONLINE FROM A CREDIBLE SOURCE

• Sources accepted are credible business sites, such as Wall Street Journal, CNBC, Bloomberg, New York Times, Los Angeles Times, etc.
• Sources NOT accepted are Fox News, Wikipedia, and other sites where the facts may not be verified.

FOLLOW THE FORMAT BELOW OF BUSINESS DOCUMENT WRITING

• Identify each section with the section label. Follow the sample below but do not include the points in parentheses. Point value is just for your reference.
• Use single space within sections.
• Use paragraphs within each sections. Do not write a long paragraph without separating by paragraphs. Use double space to differentiate paragraphs.
• Insert triple line-space between sections.

Section 1 Select one concept of your choice from the assigned Lesson. The best place is to find a concept is under Key Terms at the end of each chapter. Write the textbook definition of that concept you have chosen.

Key Terms

• Barter- A system of exchange in which goods or services are traded directly for other goods or services.
• Money- Anything a society uses to purchase products or resources.
• Fractional reserve- A system of banking where a portion of customer deposits are kept in reserve and the remainder is lent out to customers.
• Money multiplier effect- The effect of a fractional-reserve banking system that allows deposits to expand multiple times. The size of the money multiplier depends on the reserve percentage.
• Federal Reserve - The central bank of the United States that is responsible for regulating the banking industry and the money supply.
• M_{1 -}A measure of money supply that essentially consists of currency and checking accounts.
• M_{2. -}A measure of money supply that consists of M₁ plus savings accounts and some other types of time-based deposit accounts.
• Deflation- A decrease of prices in an economy over time.
• Inflation- An increase of prices in an economy over time.
• Discount rate- The interest rate the Federal Reserve charges for loans to member banks. Used as a means to regulate the money supply.
• Open-market operations- The buying and selling of U.S. government securities by the Federal Reserve for the purpose of regulating the money supply.
• Quantitative easing (QE)- A monetary policy designed to stimulate the economy by purchasing government and nongovernment securities to increase money supply.
• Federal Deposit Insurance Corporation (FDIC)- A government agency created to maintain stability and public confidence in the nations financial system by insuring deposits and overseeing the soundness of banking institutions.

Section 2 Find a current business news article written based on that concept you have chosen. The best method is to go to "WallStreetJournal.com", "CNBC.com", "Bloomberg.com", "CNN.com" or any other reputable news websites and type in that selected concept to find a credible source for the business news article. Then summarize that business article in 200 words. Section 3 Write a 150-word reflection of how this concept relates to your life now. This can be how the article relates to you or how the concept itself relates to you. This is not an analysis of the article, but rather the application of the concept to your own life. Section 4 Include an MLA format citation of the article (you may use Easybib.com or Citationmachine.net, etc). URL only of www. will not receive any points.

Example of correct MLA format citation: Mankiw, N. Gregory. "ECONOMIC VIEW; Too Much Wishful Thinking on Middle-Class Tax Rates." The New York Times. The New York Times, 20 Jun. 2020. Web. 2 Jul. 2020.