The Federal Reserve System

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Securities

Bonds

Reserves

Cash available for withdraws

Federal Reserve Notes

paper currency issued by the fed that eventually replaced all other types of federal currency

Federal Open Market Operations

The buying and selling of US government securities by the Federal Reserve Banks for the purposes of carrying out monetary policy

Discount Rate

The interest rate on the loans that the Fed makes to banks

Open-market Operations

the purchase and sale of U.S. government bonds by the Fed

Board of Governors

the seven-member board that oversees the Federal Reserve System

Bonds

A certificate issued by a government or private company which promises to pay back with interest the money borrowed from the buyer of the certificate: The city issued bonds to raise money for putting in new sewers.

Fiscal Policy

A government policy for dealing with the budget (especially with taxation and borrowing)

Monetary Policy

F.E.D's tools to influence economy: open market operations, discount rate changes and reserve requirements

Federal Reserve System

The country's central banking system, which is responsible for the nation's monetary policy by regulating the supply of money and interest rates


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