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content vocalbulary

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Term
Definition
show metallic form of money such as pennies nickels and dimes  
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currency   show
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commercial bank   show
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savings and loan association   show
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show nonprofit service cooperative that accepts deposits makes loans and provides other financial services  
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central bank   show
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federal open market committee FOMC   show
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monetary policy   show
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show the interest rate the fed charges on loans  
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show a certain percentage of deposits that banks have to set aside as cash in their own vaults or as deposits in their federal reserve bank  
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open market operations   show
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show an account in which deposited money can be withdrawn at any time by writing a check  
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savings account   show
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show timed deposit that states the amount of the deposit maturity and the rate of interest being paid  
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Created by: ColeGillespie
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