CH13-Terms&Concepts

CH13-Terms&Concepts - Ch. 13 – Terms &...

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Unformatted text preview: Ch. 13 – Terms & Concepts Ch. 13 – Terms & Concepts 1. Fractional reserve banking 2. Who invented money? 3. Spontaneous Order 4. Federal Reserve 5. Makeup of the FED system 6. Who owns the FED? Is it a private entity? Public? 7. Minor & Monetary controls of the FED 8. Impact of FED policy changes on the Money Supply 9. Competing currencies 10. Wild Cat Banking 11. FIAT currency 12. Commodity Currency 13. Bank runs 14. Lender of last resort 15. FDIC 16. Definition of money & M1, M2 17. Demand Deposits 18. Time Deposits 19. Other Checkable Deposits 20. Money market mutual funds 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 Traveler’s Checks Prime rate of interest Federal Funds rate of interest Discount Rate rate of interest Open market operations Reserve requirement Fiscal policy vs. monetary policy Treasury Vs. The FED Functions of the Treasury Functions of the FED 3 Functions of Money Liquidity What determines the value of money? Money Demand, Money Supply Opportunity cost of money demand Is the FED politically independent? How banks create money Deposit Expansion multiplier Reserves, required & excess History of money Board of Governors of the FED FOMC Margin Requirement Monetary base ...
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This note was uploaded on 04/02/2012 for the course ECO 2013 taught by Professor Slate during the Fall '10 term at Florida State College.

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