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Unformatted text preview: 48: small business administration 1983 49: implicit guarantee- that if get in trouble government will helpBelief 53: wanted to end redlining processCRA 54: one government owned bank in U.S. Chapter 9 4: banksloans= how make profit, deposits= liability (asset to us though) 5: double entry bookkeepingoffsetting changes 6: banks want liabilities to use money to make loans-Negotiable- can be sold 7: 1201 today til 1201 tomorrow-$ banks have on deposit with fed reserve banks-Increase price reflects interest-Reporepurchase not reposes 8: expect ATM to hold cash 10: clearing balancecertain amount of money to clear check (earn credit with Feds) 11: $56 billion surplus 2009 12: cant own stock or junk bonds 14: proprietary trading...
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This note was uploaded on 08/29/2010 for the course ECON 302 taught by Professor Abrams during the Spring '08 term at University of Delaware.
- Spring '08
- Monetary Policy