Textbook Notes (368,214)
Canada (161,710)
Economics (818)
ECON 2410 (18)
Chapter 4

Chapter 4- Financial Markets.pdf

1 Page
171 Views
Unlock Document

Department
Economics
Course
ECON 2410
Professor
Laurent Cellarier
Semester
Winter

Description
Chapter 4- Financial Markets January 22, 2014 2:13 PM Definitions/Equations Currency- coins and bills ▯▯ ▯▯▯ ▯ Checkable Deposits- deposits at banks and other financial institutions against which checks can be written ▯ ▯▯1▯▯▯▯ ▯ M1-the sum of currency, traveler's checks, and checkable deposits- assets that can be used directly in transactions Bond- a financial asset that promises a stream of known payments over some period of time Money Market Funds- financial institutions that receive funds from people and use them to buy short-term bonds Demand for Money- see equation below ▯ ▯ ▯$▯ ·▯ ▯▯▯ LM Relation-an equilibrium condition stating that the demand for money must be equal to the supply of money, the equilibrium condition for financial markets Open Market Operation- the purchase or sale of government bonds by the central bank for the purpose of increasing or decreasing the money supply Expansionary Open Market Operation- an open
More Less

Related notes for ECON 2410

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit