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BALANCE OF TRADE SURPLUS: An imbalance in a nation's balance of trade in which the payments for merchandise exports received by the country exceed payments for merchandise imports paid by the country. This is also termed a favorable balance of trade. It's considered favorable because more goods are exported out of the country than are imported in, meaning that foreign production is replaced with domestic production, which then increases domestic employment and income. A balance of trade surplus is often the source of a balance of payments surplus.
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Lesson 20: Federal Reserve System | Unit 4: Monetary Policy
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Page: 15 of 20
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The discount rate is the interest rate the Fed charges for reserve loans to commercial banks.- The Federal Funds rate is for loans between commercial banks.
- The discount rate is for loans from the Fed to commercial banks.
- Banks borrow from the Fed when the need reserves to stay in business. The price they pay is the discount rate.
Why don't troubled banks use the Federal Funds Market? - Other banks are probably reluctant to extend a loan.
- The entire banking system might be short of reserves.
- The discount rate is typically lower than the federal funds rate.
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IMPACT LAG The time lag that occurs between the implementation of a government policy designed to correct an economic problem and the complete impact of the policy. The impact lag is based on the multiplier process and can last up to a year or two or even longer. This "outside lag" is one of four policy lags associated with monetary and fiscal policy. The other three "inside lags" are recognition lag, decision lag, and implementation lag. All four policy lags can reduce the effectiveness of business-cycle stabilization policies and can even destabilize the economy.
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YELLOW CHIPPEROON
[What's This?]
Today, you are likely to spend a great deal of time looking for a downtown retail store trying to buy either super soft, super cuddly, stuffed animals or a large stuffed brown and white teddy bear. Be on the lookout for gnomes hiding in cypress trees.
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This isn't me! What am I?
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The wealthy industrialist, Andrew Carnegie, was once removed from a London tram because he lacked the money needed for the fare.
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"We may affirm absolutely that nothing great in the world has been accomplished without passion." -- Hegel
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AFBD
Association of Futures Brokers and Dealers (UK)
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