Term
|
Definition
| seven member board that oversees the Federal Reserve System |
|
|
Term
|
Definition
| the actions the Federal Reserve takes to influence the level of real GDP and the rate of inflation in the economy |
|
|
Term
| Federal Reserve Districts |
|
Definition
| twelve banking districts created by the Federal REserve Act |
|
|
Term
|
Definition
| research arm of the Federal Reserve |
|
|
Term
| Federal Open Market Committee (FOMC) |
|
Definition
| Federal Reserve committee that makes key decisions about interest rates and the growth of the United States money supply |
|
|
Term
|
Definition
| the process by which banks record whose account gives up money and whose account receives money when a customer writes a check |
|
|
Term
|
Definition
| interest rate banks charge each other for loans |
|
|
Term
|
Definition
| rate the Federal REserve charges for loans to commercial banks |
|
|
Term
|
Definition
| process by which money enters into circulation |
|
|
Term
| required reserve ration (RRR) |
|
Definition
| ratio of reserves to deposits required of banks by the Federal Reserve |
|
|
Term
|
Definition
| amount of money that will be created with each demand deposit, calculated as 1/RRR |
|
|
Term
|
Definition
| buying and selling of government securities to alter the supply of money |
|
|
Term
|
Definition
| belief that money supply is the most important factor in macroeconomic performance |
|
|
Term
|
Definition
| monetary policy that increases the money supply |
|
|
Term
|
Definition
| monetary policy that reduces the money supply |
|
|
