ECON 2010 Chapter : Econ Ch 12 14

7 views10 pages
15 Mar 2019
School
Department
Course
Professor

Document Summary

Fed watch: analysts attempt to forecast fed decisions about monetary policy; people are constantly trying to predict what the feds will do. Greenspan briefcase indicator: obsession with what the feds will do. Fed decisions have signi cant effects on nancial markets and the macro economy. Provide services to commercial banks in their region. Seven governors are appointed by the president to 14-year terms. President selects one of the seven as chairman for a four-year term. Federal open market committtee (fomc): reviews economic conditions and sets monetary policy. 12 members who meet eight times a year. Banking panics: when customers believed one or more banks might be bankrupt. Feds prevent panics by supervising and regulating banks, and loaning banks funds. Deposit insurance: congress created it in 1934; deposits of less than ,000 will be read even if the bank is bankrupt.

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
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents

Related Questions