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WEALTH PYRAMID: A handy technique that many get-rich-quick schemes use to transfer a little wealth from a lot of people into the overflowing pockets of a few. In works in this manner--A person or business establishes a multi-level pyramid of investors, employees, or "distributors." Each level is responsible for recruiting the next level beneath it. The trick is that each distributor at one level recruits several distributors into the next lower level in an ever-expanding fashion. Each recruit transfers a little, teeny, tiny bit of their own wealth to the next higher level. In that each higher level has fewer members, that little, teeny, tiny bit of wealth accumulates rapidly, making those at the top incredibly well-off.
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Lesson 20: Federal Reserve System | Unit 4: Monetary Policy
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Page: 14 of 20
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Topic:
Open Market Operations
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Open market operations are the most important tool of monetary policy.- The Federal government budget deficit is financed by issuing or selling U.S. Treasury Securities, which are traded through the open market.
- Banks, corporations, government agencies, pension funds and regular people are the buyers and sellers in this 'open market' for Treasury Securities.
- Treasury Securities are low risk investments.
Two major players in the open market: - Commercial Banks: They use secure investments to ensure bank stability.
- Federal Reserve: They buy and sell treasury securities with the expressed goal of manipulating bank reserves and the money supply.
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COMPETITION In general, the actions of two or more rivals in pursuit of the same objective. In an economic context, the specific objective pursued is usually either selling goods to buyers or buying goods from sellers.
Complete Entry | Visit the WEB*pedia |
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BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time touring the new suburban shopping complex looking to buy either a combination CD player, clock radio, and telephone (with answering machine) or a revolving spice rack. Be on the lookout for rusty deck screws.
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This isn't me! What am I?
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North Carolina supplied all the domestic gold coined for currency by the U.S. Mint in Philadelphia until 1828.
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"Expect people to be better than they are; it helps them to become better. But don't be disappointed when they're not; it helps them to keep trying." -- Merry Browne, Author
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VC
Variable Cost
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