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LEGAL RESERVES: The total amount of vault cash or Federal Reserve deposits of a bank. These are the only bank assets that can be used legally to satisfy reserve requirements.
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Lesson 18: Banking | Unit 5: The Economy
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Page: 22 of 24
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Banks have two beneficial roles in the economy. First: As financial intermediaries, banks match up savers and borrowers. - They are an effective means of diverting household income into investment expenditures for capital goods.
- They are a vital link between the real and financial sides of the economy.
Second: As depository institutions, banks supervise a share of the nation's M1 money supply. - They have a big responsibility because money is critical to a complex, market-oriented economy.
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MARSHALLIAN CROSS A diagram illustrating the market model, with price measured on the vertical axis and quantity measured on the horizontal axis, with the law of demand represented as a downward-sloping demand curve and the law of supply represented as an upward-sloping supply curve. The derivation of this name comes from the "Marshall" part of noted economist Alfred Marshall, and the intersection or "cross" of the demand and supply curves achieved at that market equilibrium.
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ORANGE REBELOON
[What's This?]
Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors trying to buy either an AC adapter that works with your MPG player or rechargeable batteries. Be on the lookout for infected paper cuts.
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A thousand years before metal coins were developed, clay tablet "checks" were used as money by the Babylonians.
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"A ship ought not to be held by one anchor, nor life by a single hope. " -- Epictetus, philosopher
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