Banking System
The Rating Agencies
Pure Fed
The Big Bank Theory
Who sits in that Chair?
100
... the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices ...
What is the dual mandate?
100
This is the interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve Bank’s lending window.
What is the discount rate?
100
Check clearinghouse, act as a fiscal agent for the government, hold reserves for member banks and control the money supply.
What are the Functions of the Fed?
100
The specific level of unemployment that exists in an economy that does not cause inflation to increase
What is the NAIRU?
100
Current Chair of the Board of Governors of the Federal Reserve.
Who is Janet Yellen?
200
It is the central bank for the euro and administers monetary policy of the Eurozone, which consists of 19 EU member states and is one of the largest currency areas in the world.
What is the ECB?
200
It is the average interest rate that federal funds trade at during the day.
What is the effective federal funds rate?
200
The number of Federal Reserve Board of Governors plus the Federal Reserve Bank Presidents
What is nineteen?
200
An economic concept stating that inflation and unemployment have a stable and inverse relationship.
What is Phillips Curve?
200
An American economist at the Brookings Institution who served two terms as chairman of the Federal Reserve, the central bank of the United States from 2006 to 2014. He recently was denied when he tried to refinance his home mortgage because he did not qualify under the new rules.
Who is Ben Bernanke?
300
Lowering reserve requirements, lowering discount rates and open market operation purchases
What is accommodative/stimulative/easy monetary policy?
300
An interest rate on a liability, such as a loan or mortgage, that does not change either for the entire term of the loan or for part of this term.
What is a "fixed rate"?
300
This Federal Reserve Note has a life expectancy of just 22 months.
What is the One Dollar Bill?
300
A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity dates. The most frequently reported yield curve compares the three-month, two-year, five-year and 30-year U.S. Treasury debt.
What is a Yield Curve?
300
He is an American economist. He was Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987
Who is Paul Volcker?
400
To create a monetary system that could respond effectively to the different stresses in the banking system and create a stable financial system.
What was the goal of the Federal Reserve Act of 1913?
400
The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution overnight
What is the target federal funds rate?
400
This state is unique to the banking business because within its borders lie two Federal Reserve District Banks.
What is Missouri?
400
An unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply
What is Quantitative Easing?
400
The Chairman of the Board of Governors serves as the Chairman of the FOMC. This person is a permanent member of the Committee and serves as the Vice Chairman of the Committee.
What is the President of the FRBNY?
500
It is a deposit rate that effectively punishes banks that hoard cash at the central bank instead of extending loans to businesses or to weaker lenders.
What is a negative interest rate?
500
The interest rate that commercial banks charge their most credit-worthy customers.
What is the prime rate?
500
It is a real-time gross settlement funds transfer system operated by the United States Central Bank that enables financial institutions to electronically transfer funds between its more than 9,289 participants
What is Fedwire?
500
In Central Banking in Theory and Practice, Alan Blinder uses inflation and GDP growth and the relationship between a government and its central bank to prove that the more successful economies have this.
What is independence?
500
This MHS graduate was an American banker. He served as Governor of the Federal Reserve Bank of New York for 14 years until his death. He exerted great influence over the policy and actions of the entire Federal Reserve System--and indeed over the financial policies of all of the United States and Europe.
Who is Benjamin Strong?
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