What are the three ways the Federal reserve can change the money supply
🔄 Click to see definition
Definition1/8
The Federal Reserve can change the money supply with 1) open
market operations, 2)making changes in the reserve ratio, and 3)
making changes in the discount rate. Of the three policies the open
market is the most common.
🔄 Click to see term
Term1/8
What are the leading economic indicators supposed to predict
🔄 Click to see definition
Definition1/8
business cycles
🔄 Click to see term
Term1/8
What does lender of last resort mean with respect to the federal reserve
🔄 Click to see definition
Definition1/8
it lends money to banks or anyother 'institution' in financial
difficulty.
🔄 Click to see term
Term1/8
How many directors are on the Boards for each of the 12 Federal Reserve Banks
🔄 Click to see definition
Definition1/8
Each of the 12 Reserve Banks is subject to the supervision of a
ninemember board of directors (board). Six of the directors are
elected by the member banks of the respective Federal Reserve
District (District), and three of the directors are appointed by
the Board of Governors. Most Reserve Banks have at least one
Branch, and each Branch has its own board of directors. A majority
of the directors on a Branch board are appointed by the Reserve
Bank, and the remaining Branch directors are appointed by the Board
of Governors.
🔄 Click to see term
Term1/8
What is an unitary elastic supply
🔄 Click to see definition
Definition1/8
A unitary-elastic supply indicates a good with a supply-price
elasticity of one, which means that a 1% change in price increases
supply by 1%.
🔄 Click to see term
Term1/8
What are the main components in the Federal Reserve banks
🔄 Click to see definition
Definition1/8
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.
🔄 Click to see term
Term1/8
Why is the monetary policy administered by the federal reserve the principal method of softening the effects of the business cycle
🔄 Click to see definition
Definition1/8
Because there are more political complications with determining
and implementing fiscal policy.
🔄 Click to see term
Term1/8
What is the abbreviation for the research arm of the federal reserve
🔄 Click to see definition
Definition1/8
FAC (Federal Advisory Councel)
🔄 Click to see term
🥳
Great job!
You studied all the cards in this guide.
Rate this guide:
☆★☆★☆★☆★☆★
Start overPrint
Full screen
Rate this Study Guide:
☆★☆★☆★☆★☆★
Cards in this guide (8)
What are the three ways the Federal reserve can change the money supply
The Federal Reserve can change the money supply with 1) open
market operations, 2)making changes in the reserve ratio, and 3)
making changes in the discount rate. Of the three policies the open
market is the most common.
What are the leading economic indicators supposed to predict
business cycles
What does lender of last resort mean with respect to the federal reserve
it lends money to banks or anyother 'institution' in financial
difficulty.
How many directors are on the Boards for each of the 12 Federal Reserve Banks
Each of the 12 Reserve Banks is subject to the supervision of a
ninemember board of directors (board). Six of the directors are
elected by the member banks of the respective Federal Reserve
District (District), and three of the directors are appointed by
the Board of Governors. Most Reserve Banks have at least one
Branch, and each Branch has its own board of directors. A majority
of the directors on a Branch board are appointed by the Reserve
Bank, and the remaining Branch directors are appointed by the Board
of Governors.
What is an unitary elastic supply
A unitary-elastic supply indicates a good with a supply-price
elasticity of one, which means that a 1% change in price increases
supply by 1%.
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.
Why is the monetary policy administered by the federal reserve the principal method of softening the effects of the business cycle
Because there are more political complications with determining
and implementing fiscal policy.
What is the abbreviation for the research arm of the federal reserve