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GLOBALIZATION: The generalized expansion of international economic activity which includes increased international trade, growth of international investment (foreign investment) and international migration, and increased proliferation of technology among countries. Globalization is the increasing world-wide integration of markets for goods, services, labor, and capital. It is an ongoing process that started several centuries ago. However, most people would agree that today we are in a period of rapid globalization as international economic activity has accelerated in the last 200 years or so.
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Lesson 20: Federal Reserve System | Unit 3: The Fed Pyramid
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Page: 7 of 20
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The structure of the Federal Reserve:- Chairman of the Board of Governors: the boss of the Fed.
- Board of Governors: 7 people, usually economists who make big decisions.
- Federal Reserve Banks: 37 banks dispersed throughout the country.
- Commercial Banks: traditional banks, credit unions, savings and loan associations and mutual savings banks.
- The Non-Bank Public: people, businesses, and government agencies using commercial banking services.
- The Federal Open Market Committee (FOMC) is critical for money supply control.
- The Federal Advisory Council (FAC), isn't quite as important.
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GOVERNMENT BORROWING The acquisition of funds through the financial markets by the government sector which are used to finance government expenditures. In terms of the simple circular flow model, this is one of two basic demands for household saving diverted into financial markets. The other is investment borrowing. Government borrowing is also one of two methods of financing government expenditures. The other is taxes.
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GRAY SKITTERY
[What's This?]
Today, you are likely to spend a great deal of time strolling around a discount warehouse buying club wanting to buy either super soft, super cuddly, stuffed animals or a large stuffed brown and white teddy bear. Be on the lookout for pencil sharpeners with an attitude.
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This isn't me! What am I?
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General Electric is the only stock from the original 1896 Dow Jones Industrial Average remaining in the current index.
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"The best way to cheer yourself up is to try to cheer somebody else up." -- Mark Twain
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SRO
Self-regulatory Organizations
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