Term
|
Definition
| Any items that are regularly used in economic transactions or exchanges and accepted by buyers and sellers. |
|
|
Term
|
Definition
| Any item that are regularly used in economic transactions or exchanges and accepted by buyers and sellers. |
|
|
Term
|
Definition
| The exchange of one good or service for another. |
|
|
Term
| Double coincidence of wants |
|
Definition
| The problem in a system of barter that one person may not have what the other desires. |
|
|
Term
|
Definition
| A standard unit in which prices can be stated and the value of goods and services can be compared. |
|
|
Term
|
Definition
| The property of money that holds that money preserves value until it is used in an exchange. |
|
|
Term
|
Definition
| A monetary system in which the actual money is a commodity, such as gold or silver. |
|
|
Term
|
Definition
| A monetary system in which gold backs up paper money. |
|
|
Term
|
Definition
| A monetary system in which money has no intrinsic value but is backed by the government. |
|
|
Term
|
Definition
| The sum of currency in the hands of the public, demand deposits, other checkable deposits, and traveler's checks. |
|
|
Term
|
Definition
| M1 plus other assets, including deposits in savings and loans accounts and money market mutual funds. |
|
|
Term
|
Definition
| An account statement for a bank that shows the sources of its funds (liabilities) as well as the uses of its funds (assets). |
|
|
Term
|
Definition
| The sources of funds for a bank, including deposits and owners' equity. |
|
|
Term
|
Definition
| The uses of the funds of a bank, including loans and reserves. |
|
|
Term
|
Definition
| The funds provided to a bank by its owners. |
|
|
Term
|
Definition
| The portion of banks' deposits set aside in either vault cash or as deposits as the Federal Reserve. |
|
|
Term
|
Definition
| The specific fraction of their deposits that banks are required by law to hold as reserves. |
|
|
Term
|
Definition
| Any additional reserves that a bank holds above required reserves. |
|
|
Term
|
Definition
| The ratio of reserves to deposits. |
|
|
Term
|
Definition
| The ratio of the increase in total checking account deposits to an initial cash deposit. |
|
|
Term
|
Definition
| A banker's bank: an official bank that controls the supply of money in a country. |
|
|
Term
|
Definition
| A central bank is the lender of last resort, the last place, all others having failed, from which banks in emergency situations can obtain loans. |
|
|
Term
|
Definition
| The range of actions taken by the Federal Reserve to influence the level of GDP or inflation. |
|
|
Term
|
Definition
| One of 12 regional banks that are an official part of the Federal Reserve System. |
|
|
Term
| Board of Governors of the Federal Reserve |
|
Definition
| The seven-person governing body of the Federal Reserve System in Washington D.C. |
|
|
Term
| Federal Open Market Committee (FOMC) |
|
Definition
| The group that decides on monetary policy: it consists of the seven members of the Board of Governors plus 5 of 12 regional bank presidents on a rotating basis. |
|
|
