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U.S. TREASURY SECURITY: A financial instrument or legal claim used by the federal government to borrow money. Treasury securities are issued by the U.S. Treasury to cover the federal government's budget deficit. They are classified as either Treasury bills, Treasury notes, or Treasury bonds.
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Lesson 17: Money | Unit 3: Monetary Aggregates
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Page: 14 of 25
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M3 is equal to M2 plus other near monies.- We have five trillion dollars of M3.
- M3 averaged over 270 million people in the U. S. is about $18,000 per person.
- Other near monies added to M3 are less liquid than the M2 near monies.
- M3 other near monies are essentially investments.
M3 other near monies: - Larger denomination certificates of deposit and longer-term repurchase agreements.
- M2 includes CDs less than $10,000.
- M3 includes CDs over $100,000.
- M3 includes repurchase agreements and Eurodollars of longer duration than the ones M2 includes.
- These longer term and bigger M3 other near monies are less liquid than the M2 near monies.
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THREE QUESTIONS OF ALLOCATION The three basic questions that an economy must answer because of limited resources and unlimited wants and needs are: What? How? and For Whom? The basic problem of scarcity requires every society to determine: What goods to produce? How to produce the goods? And who receives the goods that are produced?
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PURPLE SMARPHIN
[What's This?]
Today, you are likely to spend a great deal of time flipping through the yellow pages wanting to buy either 500 feet of telephone cable or a package of 4 by 6 index cards, the ones with lines. Be on the lookout for cardboard boxes.
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This isn't me! What am I?
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The 22.6% decline in stock prices on October 19, 1987 was larger than the infamous 12.8% decline on October 29, 1929.
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"Executives who get there and stay suggest solutions when they present the problems. " -- Malcolm Forbes, business executive
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AASB
American Assocation of Small Business
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