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Study sets matching "banking federal reserve"

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Study sets matching "banking federal reserve"

23 terms
Money, Banking and The Federal Reserve
The Federal Reserve
Open Market Operations
Reserve Requirement
Discount Rate
U.S. Central Bank; Purpose: to control the supply of credit a…
The buying and selling of Treasury Securities (Bonds) by the…
the percentage of deposits that banking institutions must hol…
interest rate that the Fed charges for loans to member banks
The Federal Reserve
U.S. Central Bank; Purpose: to control the supply of credit a…
Open Market Operations
The buying and selling of Treasury Securities (Bonds) by the…
25 terms
Economics- Federal Reserve, Banking, Agencies
Financial Institutions
Types of Financial Institutions
Loans
Deposits
act as financial intermediaries between savers and borrowers…
Banks... Savings and Loans... Credit Unions... Securities Brokerages
bank's sell saver's money to borrowers which they are charged…
putting your money in the bank... *encourage savings by paying…
Financial Institutions
act as financial intermediaries between savers and borrowers…
Types of Financial Institutions
Banks... Savings and Loans... Credit Unions... Securities Brokerages
25 terms
Banking - Federal Reserve
currency
note
Washington
Jefferson
Paper based form of money
The official name for dollar money or bills
Person on the $1 bill
Person on the $2 bill
currency
Paper based form of money
note
The official name for dollar money or bills
10 terms
Banking and federal reserve timeline
The continental congress issued contin…
u.s. congress established the first ba…
The charter for the second bank of the…
The free banking era
Printed in excess, Continental notes created inflation.....
first attempt at creating central bank in the U.S. beginning…
without central bank there were no federal regulations on the…
with no national currency, state chartered banks and chartere…
The continental congress issued contin…
Printed in excess, Continental notes created inflation.....
u.s. congress established the first ba…
first attempt at creating central bank in the U.S. beginning…
42 terms
Federal Reserve Banking
medium of exchange
commodity money
representative money
fiat money
an intermediary used in trade to avoid the inconveniences of…
objects that have value in themselves as well as their value…
paper money that is backed by something tangible like gold or…
money that has not tangible backing but is declared by the go…
medium of exchange
an intermediary used in trade to avoid the inconveniences of…
commodity money
objects that have value in themselves as well as their value…
39 terms
Economics - The Federal Reserve Bank
Monetary Policy
Fiscal Policy
Inflation
Demand-Pull Inflation
The Fed influences the flow of money and credit to foster sta…
Congress and the president influence the business cycle throu…
If the average level of prices rises over a period of time
When the price levels rise because of a high demand
Monetary Policy
The Fed influences the flow of money and credit to foster sta…
Fiscal Policy
Congress and the president influence the business cycle throu…
15 terms
Banking : The Federal Reserve System
Board of Governors
Federal Open Market Committee
Regional Member Banks
Federal Reserve Act
seven member team who set monetary policy
twelve members who set the Fed Funds Rate( interest rate) to…
12 located throughout the US ( Missouri has two: one in St Lo…
started the pyramid of structure in 1913
Board of Governors
seven member team who set monetary policy
Federal Open Market Committee
twelve members who set the Fed Funds Rate( interest rate) to…
20 terms
Federal Reserve Banking System
Who created the FRS?
Legislative Act of ____.
What is the FOMC?
What makes up the FRB?
Congress
1913
Federal Open Market Committee
-12 regional reserve banks... -board of governors... -the FOMC
Who created the FRS?
Congress
Legislative Act of ____.
1913
18 terms
Money, Banking, and the Federal Reserve
money
characteristics of money
types of money
commodity money
medium of exchange accepted by seller, unit of accounting, st…
durable, portable, divisible, stable value, scarce, accepted
commodity money, representative money, fiat money, legal tender
medium of exchange as a good and money; Ex: sheep, diamonds
money
medium of exchange accepted by seller, unit of accounting, st…
characteristics of money
durable, portable, divisible, stable value, scarce, accepted
23 terms
Money, Banking and The Federal Reserve
The Federal Reserve
Open Market Operations
Reserve Requirement
Discount Rate
U.S. Central Bank; Purpose: to control the supply of credit a…
The buying and selling of Treasury Securities (Bonds) by the…
the percentage of deposits that banking institutions must hol…
interest rate that the Fed charges for loans to member banks
The Federal Reserve
U.S. Central Bank; Purpose: to control the supply of credit a…
Open Market Operations
The buying and selling of Treasury Securities (Bonds) by the…
16 terms
Money, Banking and Federal Reserve
Barter Economy
Transaction Costs
Why Money?
Money
An economy with no money; goods and services are exchanged fo…
The time and effort you have to spend to make an exchange
Certain goods were more accepted to grade than others. Over t…
A good that is accepted in exchange for goods, services and d…
Barter Economy
An economy with no money; goods and services are exchanged fo…
Transaction Costs
The time and effort you have to spend to make an exchange
30 terms
Banking, the Federal Reserve, Credit
Banks
Deposits
Loan
Financial Intermediation
Financial Institutions based entirely on financial transactions
Money people leave in an institution with the understanding t…
Money lent out to a borrower, generally to be paid back with…
The action of taking deposits and making loans
Banks
Financial Institutions based entirely on financial transactions
Deposits
Money people leave in an institution with the understanding t…
28 terms
Money, Banking and the Federal Reserve
In economics, how is money defined?
What is one of the most important bene…
What function of money is represented…
Which function of money would be viola…
Anything acceptable for exchange of goods and services
It's easier to exchange and buy things we can't make
Unit of Accounting (a measure by which prices are expressed)
Store of value (or purchasing power)
In economics, how is money defined?
Anything acceptable for exchange of goods and services
What is one of the most important bene…
It's easier to exchange and buy things we can't make
28 terms
Money, Banking and the Federal Reserve
In economics, how is money defined?
What is one of the most important bene…
What function of money is represented…
Which function of money would be viola…
Anything acceptable for exchange of goods and services
It's easier to exchange and buy things we can't make
Unit of Accounting (a measure by which prices are expressed)
Store of value (or purchasing power)
In economics, how is money defined?
Anything acceptable for exchange of goods and services
What is one of the most important bene…
It's easier to exchange and buy things we can't make
21 terms
Federal Reserve Bank
The Federal Reserve bank =
The Fed. insures safety and soundness…
___________ created the Federal Reserv…
__ Reserve district banks
bankers bank
banking system, loans, banking window
Congress
12
The Federal Reserve bank =
bankers bank
The Fed. insures safety and soundness…
banking system, loans, banking window
21 terms
Federal Reserve Bank
the federal reserve bank =
feds insure safety of banking system by
congress created Federal Reserve Bank…
the FRB is made up of 3 parts...
bankers bank
making short term loans through the discount window
legislation called federal reserve act of 1913
- board of governors ... - Federal Open Market Comity (FOMC)
the federal reserve bank =
bankers bank
feds insure safety of banking system by
making short term loans through the discount window
12 terms
Federal Reserve Banks
Bank 1
Bank 2
Bank 3
Bank 4
Boston
New York
Philadelphia
Cleveland
Bank 1
Boston
Bank 2
New York
20 terms
econ - federal reserve bank
2 kinds of money
3 functions of money
characteristics of money
the federal reserve
commodity money = has intrinsic value, can be used as somethi…
medium of exchange = we can buy stuff with it... unit of accoun…
o portable ... o durable... o uniform... o divisible... o limited supply…
"the fed," U.S. central bank... 1913 - Woodrow Wilson made the…
2 kinds of money
commodity money = has intrinsic value, can be used as somethi…
3 functions of money
medium of exchange = we can buy stuff with it... unit of accoun…
20 terms
econ - federal reserve bank
2 kinds of money
3 functions of money
characteristics of money
the federal reserve
commodity money = has intrinsic value, can be used as somethi…
medium of exchange = we can buy stuff with it... unit of accoun…
o portable ... o durable... o uniform... o divisible... o limited supply…
"the fed," U.S. central bank... 1913 - Woodrow Wilson made the…
2 kinds of money
commodity money = has intrinsic value, can be used as somethi…
3 functions of money
medium of exchange = we can buy stuff with it... unit of accoun…
12 terms
Federal Bank Reserve Locations
1
2
3
4
Boston
New York
Philadelphia
Cleveland
1
Boston
2
New York
Money, Banks, Federal Reserve
Federal Reserve
Monetary policy
The Federal Reserve System
Money
The central bank of the United States
Policies enacted by a central bank to achieve macroeconomic g…
-Board of Governors (7)... -12 regional Fed banks (1 president f…
Assets that are generally accepted in exchange for goods and…
Federal Reserve
The central bank of the United States
Monetary policy
Policies enacted by a central bank to achieve macroeconomic g…
10 terms
The Federal Reserve Bank
Federal Deposit Insurance Corporation…
Janet yellen
-Controlling the rate of money supply…
Federal open market committee = Helps…
The FDIC
Who is the current chairman of the Fed
What are the fed's responsibilities ?
FOMC?
Federal Deposit Insurance Corporation…
The FDIC
Janet yellen
Who is the current chairman of the Fed
17 terms
Federal reserve bank flashcards
Federal reserve bank = _________-
Feds ensure safety and soundness by ma…
3 parts to Federal Reserve Bank_______…
3 responsibilities ___________
Banker's Bank
short term loans through discount windows
FOMC, Board of Govs., and Reserve banks
Supervise commercial banks, Provide financial services, and c…
Federal reserve bank = _________-
Banker's Bank
Feds ensure safety and soundness by ma…
short term loans through discount windows
19 terms
Macro Federal Reserve Bank
Money
money supply
inflation
deflation
medium of exchange... unit of account- how to show worth... store o…
total amount of money in the economy at any time
prices go up... keep inflation low
prices go down... cause unemployment... businesses aren't making en…
Money
medium of exchange... unit of account- how to show worth... store o…
money supply
total amount of money in the economy at any time
17 terms
Federal Reserve Bank presidents
Boston
New York
Philadelphia
Cleveland
Eric S Rosengren
William C Dudley
D Blake Prichard
Loretta J Mester
Boston
Eric S Rosengren
New York
William C Dudley
16 terms
The Federal Reserve Bank
12
1800s-1900s
Federal Reserve Act (1913)
7
How many Reserve Banks are there?
When did the infamous bank failures occur?
Goals: 1. Help banks get emergency cash reserves to manage pa…
How many members on the Board of Governors?
12
How many Reserve Banks are there?
1800s-1900s
When did the infamous bank failures occur?
11 terms
federal reserve bank
fiscal policy
monetary policy
board of governors
FDIC
use of government spending and revenue collection to influenc…
the actions the federal reserve takes to influence the level…
seven-member board that oversees the federal reserve system
government agency that insures customer deposits if a bank fa…
fiscal policy
use of government spending and revenue collection to influenc…
monetary policy
the actions the federal reserve takes to influence the level…
50 terms
Federal reserve bank
Monetary policy
Monetary supply
Credit available
Stable prices
Government policy that attempts to manage the economy by cont…
The use of money and credit controls to achieve macroeconomic…
How much left you can charge
ostabilize the economy, policymakers try to achieve three mai…
Monetary policy
Government policy that attempts to manage the economy by cont…
Monetary supply
The use of money and credit controls to achieve macroeconomic…
12 terms
Federal Reserve Bank FCs
1
2
3
4
Boston
New York
Philadelphia
Cleveland
1
Boston
2
New York
55 terms
The Federal Reserve Bank test
The central bank
board of governors
financial services
monetary policy
provides the nation a safer more flexible and more stable mon…
The fed's chief decision making body in a seven member group
the fed serves as a bank for banks and as a bank for the u.s.…
the fed influences the flow of money and credit to foster sta…
The central bank
provides the nation a safer more flexible and more stable mon…
board of governors
The fed's chief decision making body in a seven member group
39 terms
Econ-The Federal Reserve Bank
Janet Yellen
Fed
financial services, MONETARY POLICY, s…
bank for banks
Chairmen of the Fed
central bank of the U.S.
functions of the Fed
financial services-function
Janet Yellen
Chairmen of the Fed
Fed
central bank of the U.S.
21 terms
Federal reserve banks
federal reserve bank=
the fed keeps the economy healthy by m…
how many board of governors are on the…
one of the fed's responsibilities is t…
bankers bank
supply
7
finacial
federal reserve bank=
bankers bank
the fed keeps the economy healthy by m…
supply
16 terms
Federal Reserve banks
The Fed keeps the economy healthy by m…
How many members are on the board of G…
One of the Fed's responsibilities is t…
Who appoints members of the Board of G…
supply
seven
Financial
President
The Fed keeps the economy healthy by m…
supply
How many members are on the board of G…
seven
16 terms
Federal Reserve Bank
Reserve Bank
Feds ensure safety and soundness by
Congress created
3 parts
Bankers Bank
making short term loans
federal reserve system by federal reserve act by 1913
board of governors, reserve banks, FOMC
Reserve Bank
Bankers Bank
Feds ensure safety and soundness by
making short term loans
20 terms
federal reserve bank notes
the federal reserve bank
safety and soundness
congress created
3 parts to FRB
bankers bank
by making short term loans at discount window
federal reserve system through legislation (federal reserve a…
board of governors, FOMC, 12 reserve districts bank
the federal reserve bank
bankers bank
safety and soundness
by making short term loans at discount window
47 terms
Money, Banks, and the Federal Reserve
What is money?
Functions of money
medium of exchange
unit of account
Money is anything acceptable to sellers of goods and services
medium of exchange... unit of account ... store of value
something that is acceptable to sellers in exchange for their…
A standard unit that provides a consistant way of quoting pri…
What is money?
Money is anything acceptable to sellers of goods and services
Functions of money
medium of exchange... unit of account ... store of value
10 terms
Federal Reserve Bank
Goal of the Federal Reserve Bank
FOMC
Policy Tools
When would the gov pursue an expansion…
1. Achieve stable prices... 2. Achieve full employment... 3. Achiev…
Federal Open Market Committee
1. Open market operations... 2. Increasing/Decreasing discount r…
In conditions of slow growth by increase federal spending and…
Goal of the Federal Reserve Bank
1. Achieve stable prices... 2. Achieve full employment... 3. Achiev…
FOMC
Federal Open Market Committee
22 terms
Federal reserve bank
Federal reserve system
what does the federal reserve system do?
What does the fed do?
who is the chairman of the federal res…
central bank of the u.s
establish and maintain confidence
1. monetary policy... 2. financial services... 3. banking supervision
Janet Yeller
Federal reserve system
central bank of the u.s
what does the federal reserve system do?
establish and maintain confidence
38 terms
Economics- Federal Reserve Bank
3 usages of money
medium of exchange
unit of account
store of value
medium of exchange, unit of account, store of value
money is being used for buying and selling goods
money is being used to measure the relative value
money you receive today will keep its value until you spend it
3 usages of money
medium of exchange, unit of account, store of value
medium of exchange
money is being used for buying and selling goods
28 terms
federal reserve and banks
what is the largest economy in the world
What makes healthy economy
What is the primary goal of federal re…
Name two things that occurred in the e…
United States Economy
Overall goods and services is gradually at steady rate
Price stability
Banking panics and recession/depression
what is the largest economy in the world
United States Economy
What makes healthy economy
Overall goods and services is gradually at steady rate
41 terms
Econ - The Federal Reserve Bank
central bank
12
Board of Governors
Chairperson
Congress created the Federal Reserve System in 1913 to serve…
How many districts is the Federal Reserve System split into?
the Fed's chief decision-making body is a seven member group
the head of the Board of Governors
central bank
Congress created the Federal Reserve System in 1913 to serve…
12
How many districts is the Federal Reserve System split into?
9 terms
Federal reserve banks
what did congress write in 1913?
what do the initials FOMC represent?
How many members make up the board of…
Who appoints the board of Governors?
the Federal Reserve Act
Federal Open Market Committee
Seven
President of the united states
what did congress write in 1913?
the Federal Reserve Act
what do the initials FOMC represent?
Federal Open Market Committee
16 terms
Federal Reserve, Central Bank
Regulation
Supervision
What does the FOMC determine?
Who appoints and approves governors?
written rules for financial institutions
execution of rules
how much money to lend
appointed by the president, approved by the Senate
Regulation
written rules for financial institutions
Supervision
execution of rules
22 terms
Federal Reserve Bank Flashcards
Reserve Bank =
The Federal Reserve insures safety and…
Congress created the Federal bank syst…
What are the 3 parts of the Federal Re…
Bankers Bank
making short loans through a discount window
Federal Reserve Act of 1913.
The Board of Governors, Reserve Banks, and the Federal Open M…
Reserve Bank =
Bankers Bank
The Federal Reserve insures safety and…
making short loans through a discount window
Federal Reserve and Banks
During the 1920's, the Fed began to us…
TRUE OR FALSE: ... A money order can neve…
Troy has $50 a month transferred elect…
TRUE OR FALSE:... Debit card transactions…
Open market operations
True ... (although there are some cases in which a money order i…
A savings plan
False
During the 1920's, the Fed began to us…
Open market operations
TRUE OR FALSE: ... A money order can neve…
True ... (although there are some cases in which a money order i…
13 terms
Structure of the Federal Reserve Bank
How many federal reserve banks are the…
How do the members of the Board of Gov…
How long is a BOG member's term?
Who is the president of the BOG, as of…
Twelve
They are appointed by the President of the United States, and…
Fourteen years with one term expiring every two years
Janet Yellen
How many federal reserve banks are the…
Twelve
How do the members of the Board of Gov…
They are appointed by the President of the United States, and…
35 terms
Money, Banking, and the Federal Reserve System
money
currency in circulation
checkable bank deposits
medium of exchange
any asset that can easily be used to purchase goods and servi…
cash held by the public
the total value of financial assets in the economy that are c…
an asset that individuals acquire for the purpose of trading…
money
any asset that can easily be used to purchase goods and servi…
currency in circulation
cash held by the public
7 terms
Chapter 14: Banks and the Federal Reserve
bank panic
Federal Reserve System
central bank
check clearing
a situation in which many banks fail because they are not abl…
set up in 1913; it is the central bank of the United States
a bank whose functions include controlling the nation's money…
process in which the Federal Reserve bank transfers checks an…
bank panic
a situation in which many banks fail because they are not abl…
Federal Reserve System
set up in 1913; it is the central bank of the United States
23 terms
Money & Banking/Federal Reserve System
Board of Governors
Federal Open Market Committee(FOMC)
Open Market Operations
Monetary Policy
The governing body of the Federal Reserve System
The 12 member policymaking group within the Fed. The committe…
The buying and selling of government securities by the Fed
Changes in the money supply, or in the rate of change of the…
Board of Governors
The governing body of the Federal Reserve System
Federal Open Market Committee(FOMC)
The 12 member policymaking group within the Fed. The committe…
35 terms
Money, Banking, and the Federal Reserve System
money
currency in circulation
checkable bank deposits
medium of exchange
any asset that can easily be used to purchase goods and servi…
cash held by the public
the total value of financial assets in the economy that are c…
an asset that individuals acquire for the purpose of trading…
money
any asset that can easily be used to purchase goods and servi…
currency in circulation
cash held by the public
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