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CH13-Terms&Concepts

Course: ECO 2013, Fall 2011
School: Florida State College
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Fractionalreservebanking 2. Ch.13Terms&Concepts Ch.13Terms&Concepts 1. Whoinventedmoney? 3. SpontaneousOrder 4. FederalReserve 5. MakeupoftheFEDsystem 6. WhoownstheFED?Isitaprivateentity?Public? 7. Minor&MonetarycontrolsoftheFED 8. ImpactofFEDpolicychangesontheMoneySupply 9. Competingcurrencies 10. WildCatBanking 11. FIATcurrency 12. CommodityCurrency 13. Bankruns 14. Lenderoflastresort 15. FDIC 16. Definitionofmoney&M1,M2 17. DemandDeposits 18. TimeDeposits 19. OtherCheckableDeposits 20. Moneymarketmutualfunds 21. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. Coins&currency TravelersChecks Primerateofinterest FederalFundsrateofinterest DiscountRaterateofinterest Openmarketoperations Reserverequirement Fiscalpolicyvs.monetarypolicy TreasuryVs.TheFED FunctionsoftheTreasury FunctionsoftheFED 3FunctionsofMoney Liquidity Whatdeterminesthevalueofmoney? MoneyDemand,MoneySupply Opportunitycostofmoneydemand IstheFEDpoliticallyindependent? Howbankscreatemoney DepositExpansionmultiplier Reserves,required&excess Historyofmoney BoardofGovernorsoftheFED FOMC MarginRequirement Monetarybase

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