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CHAPTEH PAGE I WHY STUDY MONEY AND BANKING?
CHARACTERISTICS OF MONEY
65 other sections not shown
acceptances additional American amount bank credit bank loans bank's banker banking system billion Board of Governors borrow branch banking brokers capital central bank certificates changes Chapter checks drawn commercial banks commodity money Corporation country banks dealers debt demand deposits Deposit Insurance depositors draft earning assets effect eligible paper excess reserves exchange expand expenditures exports factors Federal Reserve Act Federal Reserve banks Federal Reserve credit Federal Reserve notes Federal Reserve System finance foreign funds gold standard government bonds government securities hold important income increase individual bank interest rates issues liquidity loans and investments long term maturity member bank reserves ment monetary money market national banks open market operations output payments period price level purchase reasons reduced required reserves reserve balances reserve cities reserve ratio reserve requirements result rise secondary reserves sell short term stock of money tion transactions Treasury United volume withdrawals