Basic ecomonic terminology. Искренко Э.В - 20 стр.

UptoLike

ВУЗ: 

ВолГУ | Волгоград

Составители: 

Рубрика: 

– 20 –
ÒÅÌÀ ¹ 5
BANKING SYSTEM
1. Federal Reserve System (Fed) — the central bank and
monetary authority of the U. S., created by the Federal Reserve
Act of 1913, which consists of 12 regional banks, but key policy
decisions are made by the Board of Governors in Washington.
2. Federal Reserve bank — is any of the 12 banks chartered by
the U. S. government to control the money supply and perform other
functions.
3. Central bank — a bank for banks. America’s central bank is the
Federal Reserve System.
4. National banks — commercial banks that are chartered by
the federal government.
5. State banks — commercial banks that are chartered by state
governments.
6. World Bank (International bank for reconstruction and
development) — a specialized agency of the United Nations whose
purpose is to finance development and consult on the economic
development issues.
7. Discount rate — the interest rate charged to banks for
borrowing from the Federal Reserve System.
8. Reserve requirements — the portion of demand deposits
that banks must keep as cash in the vault or as deposits with a
Federal reserve bank.
9. Open market operations — the purchase and sales of the U. S.
government securities by the Federal Reserve banks intended to change
the economy’s supply and demand.
10. The required reserve (legal reserve) — the specified minimum
percentage of its deposit liabilities which member bank must keep
on deposit at the Federal Reserve bank in its district or in vault cash.
11. The required reserve ratio — the proportion of deposits
that a depository institution must hold in the form of reserves.
12. Excess reserves — the amount by which a member bank’s
actual reserve exceeds its required reserve; actual reserve minus
required reserve.
13. Credit — immediate purchasing power that is exchanged
for a promise to repay it, with or without interest, at a later date.
ÒÅÌÀ ¹ 5
                 BANKING SYSTEM

      1. Federal Reserve System (Fed) — the central bank and
monetary authority of the U. S., created by the Federal Reserve
Act of 1913, which consists of 12 regional banks, but key policy
decisions are made by the Board of Governors in Washington.
      2. Federal Reserve bank — is any of the 12 banks chartered by
the U. S. government to control the money supply and perform other
functions.
      3. Central bank — a bank for banks. America’s central bank is the
Federal Reserve System.
      4. National banks — commercial banks that are chartered by
the federal government.
      5. State banks — commercial banks that are chartered by state
governments.
      6. World Bank (International bank for reconstruction and
development) — a specialized agency of the United Nations whose
purpose is to finance development and consult on the economic
development issues.
      7. Discount rate — the interest rate charged to banks for
borrowing from the Federal Reserve System.
      8. Reserve requirements — the portion of demand deposits
that banks must keep as cash in the vault or as deposits with a
Federal reserve bank.
      9. Open market operations — the purchase and sales of the U. S.
government securities by the Federal Reserve banks intended to change
the economy’s supply and demand.
      10. The required reserve (legal reserve) — the specified minimum
percentage of its deposit liabilities which member bank must keep
on deposit at the Federal Reserve bank in its district or in vault cash.
      11. The required reserve ratio — the proportion of deposits
that a depository institution must hold in the form of reserves.
      12. Excess reserves — the amount by which a member bank’s
actual reserve exceeds its required reserve; actual reserve minus
required reserve.
      13. Credit — immediate purchasing power that is exchanged
for a promise to repay it, with or without interest, at a later date.


                                 – 20 –

Страницы