Monetary Policy

is the basis of banking today and originated with the goldsmiths in the middle ages.

The minnimum balance that the Fed requires a bank to hold in vault cash or on deposit with the Fed is called

The percentage of deposits held as required reserves is called the

allows a bank to create money by exchanging loans for deposits

is the maximum change in checkable deposits due to a change in excess reserves

Action taken by the Fed to change the money supply is called

are the buying and selling of government securities by the Fed through its trading desk at the New York Fed

Changes in the ________ occur when the Fed changes the rate of interest it charges on loans of reserves to banks

is a private market in which banks lend reserves to each other for less than 24 hours.

The interest rate banks charge for overnight loans of reserves to other banks is called