Create an account
markets in which funds are transferred from people who have an excess of available funds to people who have a shortage
foreign exchange market
where the conversion of money takes place, and where the exchange rate is determined
institutions that borrow funds from people who have saved and in turn make loans to others
anything that is generally accepted in payment for goods or services or in the repayment of debts
the theory that relates changes in the quantity of money to changes in aggregate economic activity and the price level
central banks (Federal Reserve System)
the organization responsible foe the conduct of a nation's monetary policy
the excess of gov. expenditures over tax revenues for a particular time period, typically a year
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