Match the general terms from the book with the U.S. specific
terms defined in the lectures.
__5__ |
Policy rate
|
__1__ |
Broad money. Base money minus reserves plus bank money.
|
__2__ |
Base money, legal tender, or high-powered money. Currency plus
reserves.
|
__4__ |
Central bank
|
__3__ |
Bank money
|
|
|
1. |
Monetary base
|
2. |
Checking accounts or demand deposits
|
3. |
M1
|
4. |
Federal Reserve System
|
5. |
Federal funds rate
|
|