ECON 1000 Study Guide - Physical Capital, Money Supply, Fractional-Reserve Banking

37 views8 pages
11 Jul 2014
Department
Course
Professor

Document Summary

101: liquidity:the ease with which an asset can be converted into the economy"s medium of. Store of value: the function of money when used to transfer purchasing power to the future exchange. Fiat money: money without intrinsic value: commodity money: money in the form of a commodity with intrinsic value. 104: currency: paper bills and coins in the hands of the public, demand deposits: balances in bank accounts that can be accessed on demand by check. 107: central bank: an institution designed to regulate the banking system and money supply, money supply: the quantity of money in the economy, monetary policy: decisions by the central bank concerning the money supply. Federal reserve (fed): the central bank of the united states. Federal open market committee: the monetary policy committee within the federal reserve: reserves: deposits that banks have received but have not lent out. Federal funds rate: the interest rate at which banks make overnight loans to one another.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers

Related Documents

Related Questions