FinancialMarketsChap6

FinancialMarketsChap6 - Financial Markets Ch. 6 Outline Key...

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Financial Markets Ch. 6 Outline Key Terms 1. Borrowed reserves, 91- The value (for a bank or for the banking system) of loans obtained from the Federal reserve System through its discount window. 2. Demand for money, 88- An individual’s or the public’s total demand, at any time, for holding wealth in the form of liquid balances, such as currency and deposits at financial intermediaries. 3. Discretionary Monetary Policies, 91- The view of policy that allows the Fed to change the rate of growth in reserves or aggregates in order to achieve short-run adjustments in interest rates or levels of economic activities. 4. Frictional unemployment, 82- The unavoidable level unemployment in the civilian workforce that arises because of the temporary unemployment of people changing jobs or those seeking new or better ones. 5. Goal of monetary policy, 81- A condition such as high employment or price level stability that monetary policymakers seek to bring about in the economy. 6.
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FinancialMarketsChap6 - Financial Markets Ch. 6 Outline Key...

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