Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
|
board of gov |
the seven member board that oversees the fed reserve system |
|
|
monetary policy |
the actions the federal reserve takes to influence the level of real gdp and tare of inflation in the economy |
|
|
federal reserve districts |
the twelve banking districts created by the federal reserve act
|
|
|
federal open market committee |
federal reserve committee that makes key decisions about interest rates and the growth of the united states money supply |
|
|
check clearing |
the process by which banks record whose account gives up money and whose account receives money when a customer writes a check |
|
|
discount rate |
rate the federal reserve charges for loans to commercial banks |
|
|
money creation |
the process by which money enters into circulation |
|
|
required reserve ratio |
ratio of reserves to deposits required of banks by the federal reserve |
|
|
money multiplier formula |
amount of new money that will be created with each demand deposit, calculated as 1/rrr |
|
|
open market operations |
the buying and selling of government securities to alter the supply of money |
