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6 Cards in this Set
- Front
- Back
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What does FOMO stand for and mean? |
FOMO stand for Federal Open Market Operation It means- The buying and selling of government securities(loans) and bonds |
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3 main functions of the federal reserve system |
1. Bank is safe and sound 2. Provides financial and payment services 3. Healthy economy |
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What policy does FOMO use? |
Monetary policy |
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3 main monetary tools by the feds. to influence the money supply |
1.FOMO 2. Reserve Rate 3.Discount Rate |
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What does RR (reserve rate) mean? |
Certain amount of money the bank cannot use unless an emergency |
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What does DR (Discount Rate) mean? |
The money the federal reserve charges smaller banks to borrow money. |
