Terms

4.1 Money in the Bank Assets:Things of value that a someone or business owns. sense of equilibrium sheet:The statement of a persons or business financial position at some(prenominal) given time. depose run:A situation that occurs when many another(prenominal) depositors show up at once and demand the balance of their deposits in gold. bartering:The direct exchange of goods or services surrounded by people without using any form of bills. bonds:Investments that pay a detail interest crop over a specific period of time. good money:Money that is a commodity and has value as other things. credit:Access to borrowed money; deferred payment for goods and services, almost always with interest. digital money:A form of electronic money that can be apply to pay for goods and services. discount rate:The interest rate the feed charges to verifys for discount window loans, which are overnight loans a bank takes if it needs extra funds to meet its required reserves at the end of the day. excess reserves:An measurement held by the bank above its required reserve. Federal Deposit insurance Corporation:A federal insurance program on bank deposits. Federal Reserve Bank:The central bank of the United States that manages the banking system, controls monetary policy, and oversees the economy; also known as the Fed.

fiat money:Money that has value only because its say to have value. fractional reserve:The fraction of the banks client deposits kept on hand â€" in reserve â€" to reward demands for withdrawals. interest:Payment made for the use of borrowed money. interest rate:Amount of money that must be paid on top of the principal, expressed in a percentage of the amount borrowed. liabilities:What a person or business owes â€" its debts. liquidity:The peace with which an asset can be turned into its full cash value. monetary policy:The regulation of the money supply through various tools of government action. money:Anything that serves as a long suit of exchange. money supply:The amount of money in circulation in the... If you want to get a full essay, order it on our website: Orderessay

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