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10 Cards in this Set
- Front
- Back
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method by which a check is transferred to the issuers depository institution |
check clearing |
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policy that involves changing the rate of growth of supply of money in circulation |
monetary policy |
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federal reserve system |
fed |
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group that directs the operations of the fed |
board of governers |
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group that meets eight times a year to decide how the fed should control the money supply |
federal open market committee |
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members of the board of governers |
are appointed by the president with approval of senate |
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decisions to raise or lower interest rates are made by the |
federal open market commttee |
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the nation is divided into how many federal reserve districts |
12 |
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the primary responsibility of the fed is to |
regulate the money supply |
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the federal advisory council meets 4 times a year and reports to the board of governors on |
general business conditions in the nation |
