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12 Cards in this Set
- Front
- Back
MONEY
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$$$$$
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MONETARY SYSTEM
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$$$$$
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FEDERAL RESERVE BANK
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Bank that controls that country's money supply.
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MONEY SUPPLY
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The amount of money in circulation in the country.
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OPEN MARKET OPERATIONS
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Tool that the fed can use to influence the economy.
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DISCOUNT RATE OF INTEREST
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Rate charged by the Fed to those depository institutions eligible to borrow from it.
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PRIME RATE
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The rate on which a bank bases its charges to borrowers.
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FEDERAL FUNDS RATE
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An interest rate charged between banks for short-term loans that facilitate compliance with federal liquidity requirements.
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CREDIT MARKETS
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the position of federal borrowing.
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INTEREST RATE INDICATORS
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1. treasury bill rate 2. prime rate 3. fannie/freddie mac-administered yield requirements 4. US treasury security rates.
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PRIME RATE
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The interest rate charged by a commercial bank to its most creditworthy customers.
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USURY LAWS
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State laws, not federal statutes, that limit the amount of interest that may be charged on different kinds of loans and to various categories of borrowers.
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