It consists of the 7 members of the feds board of

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Unformatted text preview: ors and the 12 district bank presidents. The Twelve Districts of the Fed The Structure of the Fed The Banks Asset: something of value owned by a firm or a person. Liability: something of value that a person or firm owes to someone else. The Banks Asset: something of value owned by a firm or a person. Liability: something of value that a person or firm owes to someone else. Reserves: deposits that commercial banks hold at the Fed. Required reserve ratios: the fraction of a bank's deposits that it is required to hold at the Fed. Loan: funds made available by banks to individuals or firms for a period of time. Banks earn interest on these loans. The Banks Bond: the promise of a firm or the government to pay back a certain amount of money after given period of time. Balance sheet: a listing of all assets owned by the bank as well as all...
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This note was uploaded on 06/01/2010 for the course ECONOMICS STA2012 taught by Professor Fan during the Spring '10 term at A.T. Still University.

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