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MACROECONOMIC PROBLEMS: Undesirable situations that exist in the macroeconomy, largely because one or more of the macroeconomic goals are not satisfactorily attained. The primary problems are unemployment, inflation, and stagnant growth. Macroeconomic theories are designed to explain why these problems emerge and to recommend corrective policies.
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Lesson 18: Banking | Unit 1: What It Is
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Page: 2 of 24
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There are several types of financial intermediaries. Note that: - Intermediaries bring together buyers and sellers.
- Buyers and sellers often need an intermediary.
- Banks perform a 'financial' intermediary function.
- By maintaining financial deposits and making financial loans, banks navigate the financial side of the economy.
Other types of financial intermediaries include: - Insurance agencies, stock brokers, finance companies, mutual funds, and bond traders.
Their function: - All these entities divert household income away from consumption expenditures to investment.
- Banks are important because they maintain checking accounts that are about 60% of the money supply.
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AVERAGE REVENUE PRODUCT CURVE A curve that graphically illustrates the relation between average revenue product and the quantity of the variable input, holding all other inputs fixed. This curve indicates the per unit revenue at each level of the variable input. The average revenue product curve is one of two related curves often used in the analysis of factor demand. The other, and more important, is marginal revenue product curve.
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GRAY SKITTERY
[What's This?]
Today, you are likely to spend a great deal of time searching for a specialty store hoping to buy either a birthday greeting card for your aunt or a wall poster commemorating the moon landing. Be on the lookout for jovial bank tellers.
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This isn't me! What am I?
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The penny is the only coin minted by the U.S. government in which the "face" on the head looks to the right. All others face left.
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"Advice is like snow ‚ the softer it falls, the longer it dwells upon and the deeper it sinks into the mind. " -- Samuel Taylor Coleridge, poet
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ATS
Automatic Transfer Service
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