FRECI_13-7 - Lecture Preview Florida Real Estate Commission...

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1 Florida Real Estate Commission Course I Pre-Licensing Course for Sales Associates Session 13 – Lecture 7 Types of Mortgages and Sources of Financing Copyright, 2005 2 Lecture Preview What will you learn from this lecture? Introduce the Federal Reserve System Identify three ways in which the Fed regulates interest rates Copyright, 2005 3 Vocabulary Terms None! Copyright, 2005 4 The Federal Reserve System The central banking system of the U.S. 12 major federal reserve banks in U.S. Independent entity within the U.S. government Administered by a board of governors Responsible for U.S. monetary policy (The “Fed”) Copyright, 2005 5 Three Ways The Fed Regulates Interest Rates 1. Open-market operations 2. Discount rate 3. Reserve requirement Copyright, 2005 6 1. Open-Market Operations The Fed purchases federal securities increasing the supply of money More money in circulation means lower cost The Fed sells federal securities reducing the
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FRECI_13-7 - Lecture Preview Florida Real Estate Commission...

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