UGBA 10 Lecture Notes - Lecture 5: Pension Fund, Reserve Requirement, Federal Deposit Insurance Corporation

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 10
• Professor: Briginshaw

Document Summary

Object portable, divisible, durable, stable serves as a medium of exchange, store of value, and a measure of worth. Functions of money medium of exchange, store of value, measure of worth. M1 measure of the money supply that includes only the most liquid (spendable) forms of ss. Time deposit bank funds that have fixed term of time to maturity and cannot be withdrawn earlier or transferred by check. Money market mutual fund fund of short term, low risk, M2- measure of money supply that inc all the components of m1 plus the forms of money that can be easily converted into spendable forms. Commercial bank company that accepts deposits that uses it to make loans, earn profits, pay interest to depositors and pay dividends owners. Savings and loan associations financial institution accepting loans. Mutual savings bank - financial institution whose depositors are owners sharing in its profits.