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Economics

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Antonia Bins

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Cards in this guide (13)
How does bankruptcy affect interest rates on loans and credit cards

It cause interest rates to rise.

What is a nonprofit organization that promotes the interests of a particular industry

A Trade association.

The federal budget is put together

by congress and the whitehouse

What are the main components in the Federal Reserve banks

The Federal Open Market Committee. The Federal Open Market Committee (FOMC) consists of seven Federal Reserve Board members and five Federal Reserve bank representatives. The FOMC sets monetary policy by.

What change in monetary policy could eventually cause overborrowing and overinvestment

a decrease in the money supply

What is it called when banks record which account gives up mpney and which account receives money when a customer writes a check

Check Clearing

What is the abbreviation for the research arm of the federal reserve

FAC (Federal Advisory Councel)

How do you change federal funds rate

The federal funds rate is the interest rate banks charge on loans in the federal funds market. The federal funds rate is not set administratively by the Fed. Instead, the rate is determined by the supply of reserves relative to the demand for them.

What are the Federal Reserve Districts

For the purpose of carrying out these day-to-day operations of the Federal Reserve System, the nation has been divided into twelve Federal Reserve Districts, with Banks in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

Who founded the American Federation of Labor (AFL) in 1886

Samuel Gompers founded the AFL (American Federation of Labor)

What is the money multiplier formula

The money multiplier formula is the amount of new money that will be created with each demand deposit, calculated as 1 ÷ RRR.

In The Recent Past The Federal Reserve Has Set The Discount Rate

above the federal funds rate

The Laffer curve predicts the effects of changes in the tax rate on which of the following

tax revenues

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