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Economics

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Laurine Lueilwitz

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Cards in this guide (17)
How does bankruptcy affect interest rates on loans and credit cards

It cause interest rates to rise.

How long does it take for a check to clear

It generally takes 2-3 days from the time the check is deposited until the time it clears. This can vary from bank to bank.

What problem does tight money policy combat

tight money policy combats inflation (when to much money is out in circulation the Fed limits the amount of money that is in Circulation known as the tight money policy.)

What is an agricultural marketing cooperative that helps members sell their products

producer cooperative.

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

A Trade association.

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 the function of a bank examiner

to make sure the banks are obeying laws and regulations

What is the invisible barrier that exists when highly skilled women are continually denied promotions to high level positions in an industry dominated by men

glass ceiling.

The money multiplier formula shows the effects of

The money multiplier formula shows the effects of the Federal Reserve discount rate. It does not show a money supply or low interest rates on creditors over a period of time.

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)

What is an unofficial workplace barrier that keeps women from advancing

glass ceiling

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 is porperty owned by individuals or companies not by the government or the people called

Private Property

What is considered an act of treason against the United States

giving aid to the enemies of the United States

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

Samuel Gompers founded the AFL (American Federation of Labor)

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