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Money And Banking ch. 1
Anything of value owned by a person or a firm
An asset that represents a claim on someone else for a payment
A financial asset that can be bought and sold in a fin. market
A place or channel for buying or selling stocks, bonds, and other securities.
Anything that is generally accepted in payment for goods and services or to pay off debts
The total quantity of money in the economy
financial securities that represent partial ownership of a firm; also called equities
A payment that a corporation makes to its shareholders
A financial security issued by a corporation or a government that represents a promise to repay a fixed amount of money
The cost of borrowing funds (or the payment for lending funds, ), usually expressed asa a percentage of the amount borrowed
Units of foreign currency
The process of converting loans and other financial assets that are not tradable into securities
A fin claim owned by a person or firm
A fin firm, such as a bank, that borrows funds from savers and lends them to borrowers
a fin firm that serves as a fin intermediary by taking in deposits and using them to make loans
collection of assets, such as stocks and bonds
a fin market in which stocks, bonds, and other securities are sold for he first time
a fin market in which investors buy and sell existing securities
The actions the fed reserve takes to manage the money supply and interest rates to pursue macroeconomic policy objectives
Federal funds rate
the interest rate that banks charge each other on short term loans
a service that financial system provides that allows savers to spread and transfer risk
the ease with which an assert can be exchanged for money
facts about borrowers and about expectations of returns on fin assets