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DSST Money Banking And Central Banking
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DSST Money Banking And Central Banking
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1. A measure by which prices are expressed;the common denominator of the price system; a central property of money.

2. A board of governors and 5 reserve bank presidents that direct open market operations-buying and selling existing U.S Government securities.

3. The amount of money in circulation

4. Amounts owed; the legal claims against a business or household by nonowners.

5. Small-Denomination time-deposits - saving deposits and money market funds.

6. The ability to hold value over time; a necessary property of money.

7. 7 appointed members that set reserve requirements - approve discount rates - supervises and regulates member banks - and oversee Federal Reserve Banks

8. Financial institutions that receive most of their funds from the savings of the public. They include savings banks - savings and loan associations - and credit unions.

9. Any medium that is universally accepted in an economy both by sellers of goods and services as payment for those goods and services and by creditors as payment for debts.

10. Information possessed by one party in financial transaction but not by the other party.

11. Checkable and debitable account balances in commercial banks and other types of financial institutions - such as credit unions and savings banks. Any accounts in financial institutions from which you can easily transmit debit-card and check payments

12. The degree to which an asset can be acquired or disposed of without much danger of any intervening loss in nominal value and with small transaction costs. Money is the most liquid asset.

13. Includes everything in M1 and Savings Deposits - small-denomination time deposits - and money market mutual funds.

14. A method of measuring the money supply by looking at money as a medium of exchange.

15. The process by which financial institutions accept savings from businesses - households - and governments and lend the savings to other businesses - households - and governments.

16. The direct exchange of goods and services for other goods and services other goods and services without the use of money.

17. A property of an item that makes it desirable for use as a means of settling debts maturing in the future; an essential property of money.

18. A system in which depository institutions hold reserves that are less that the amount of total deposits.

19. Amount owed; all items to which a business or household hold legal claim.

20. Transaction Deposits

21. Propose discount rates - hold reserves and lend them through the discount window - furnish currency - collect and clear checks for banks and handle the U.S government debt and cash balances.

22. A number that when multiplied by a change in the reserves in the banking system - yields a resulting change in the money supply.

23. Financial institutions that accept deposits from savers and lend funds from those deposits out at interest.

24. The possibilty that a borrower might engage in riskier behavior after a loan has been obtained.

25. Any item the sellers will accept as payment.

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