Economics Unit 6 Federal Reserve Unit

Front

the seven-member board that oversees the Federal Reserve System

Back

board of governors

Front

the actions the Federal Reserve takes to influence the level of real GDP and the rate of inflation in the economy

Back

monetary policy

Front

the twelve banking districts created by the Federal Reserve Act

Back

Federal Reserve Districts

Front

the research arm of the Federal Reserve

Back

Federal Advisory Council

Front

Federal Reserve committee that makes key decisions about interest rates and the growth of the United States money supply

Back

Federal Open Market Committee

Front

the process by which banks record whose account gives up money and whose account receives money when a customer writes a check

Back

check clearing

Front

a company that owns more than one bank

Back

bank holding company

Front

interest rate banks charge each other for loans

Back

federal funds rate

Front

rate the Federal Reserve charges for loans to commercial banks

Back

discount rate

Front

total assets minus total liabilities

Back

net worth