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10 terms

Unit 1&3

STUDY
PLAY
Bank run
circumstance when many depositors withdraw money from their bank all at once
Currency
circulating media of exchange in a country, including metallic and paper money
Discount rate
the interest rate charged to banks by the Federal reserve
Federal Deposit Insurance corporation
agency that guarantees bank deposits
Great Depression
the worst and longest economic crisis in Western industrialized nations, from 1929 until about 1939
Inflation
a collective rise in money supply, incomes, and prices
Stagflation
a combination of a stagnate economy and high inflation
CAMELS
six criteria of safety and soundness used to evaluate banks
District reserve bank
regional bank of Federal Reserve System
Member bank
national or state bank that is part of the Federal reserve System