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ECONOMIC GOAL: One of five basic conditions of the mixed economy that is generally desired by society. We typically divide these five into macro goals (full employment, stability and economic growth) and micro goals (efficiency and equity).
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Lesson 18: Banking | Unit 2: Banking Details
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Page: 6 of 24
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The second type is a savings and loans association. History: - Created by the Federal Home Loan Act after the WWII.
- Promoted homed ownership for the middle class.
- Regulated by the Federal Home Loan Bank and by the Federal Savings and Loan Deposit Insurance Corporation.
- Operated during the 50's and 60's using the 3-6-3 rule.
- Used savings accounts to make mortgage loans.
- Didn't offer checking accounts or business loans.
Changes in the 70's: - Went for riskier loans and offered checking accounts.
In the 80's: - Many went out of business, others merged with traditional banks, and a few survived.
- Operate now like traditional banks: Offer the same services and come under the same regulations.
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CHANGE IN PRIVATE INVENTORIES The increase or decrease in the stocks of final goods, intermediate goods, raw materials, and other inputs that businesses keep on hand to use in production. Formerly termed change in business inventories, this is one of two main categories of gross private domestic investment included in the National Income and Product Accounts maintained by the Bureau of Economic Analysis. The other category is fixed investment. Change in private inventories tend to be about 3 to 5 percent of gross private domestic investment.
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GRAY SKITTERY
[What's This?]
Today, you are likely to spend a great deal of time strolling through a department store looking to buy either a coffee table shaped like the state of Florida or storage boxes for your summer clothes. Be on the lookout for a thesaurus filled with typos.
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Much of the $15 million used by the United States to finance the Louisiana Purchase from France was borrowed from European banks.
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"Be civil to all; sociable to many; familiar with few; friend to one; enemy to none. " -- Benjamin Franklin, statesman
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PDV
Present Discounted Value
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