The measure of the money supply used to estimate its size.
A monetary system based on some item of value, for example, gold or precious stones.
The interest rate that the Federal Reserve sets and charges for loans to member banks.
The resources a bank uses to create money through its business transactions.
Federal Funds Rate
The amount of interest charged for short-term, interbank loans
Money that is deemed leagl tender by the government, and it is not based on or convertible into a commodity
A system in which goldsmiths needed to keep back, or reserve only a fraction of the total gold that had been deposited.
A measure of how quickly things may be converted to something of value like cash
Liquid Asset held by banks and individuals
A Phenomenon in which new deposits go out to customers as loans and create more deposits, thus expanding the amount of money in the fractional-reserve system
Cash on hand, deposits that may be due from other banks, and the percentage required by the Federal Reserve System, either held in the vault or on deposit in the District Reserve Bank for the are
The rate that banks charge their best and most reliable customers
Securities the bank purchases from the Federal government, usually in the form of government securities
Please allow access to your computer’s microphone to use Voice Recording.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Your microphone is muted
For help fixing this issue, see this FAQ.