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|an institution that lends money to other banks;also, the place where the government does its banking business
|certificates of deposit
|timed deposit that states the amount of the deposit,maturity,and rate of interest being paid.
|an account in which deposited money can be withdrawn at any time by writing a check
|metallic form of money such as pennies,nickels,and dimes
|a financial institution that offers full banking services to individuals and businesses.
|nonprofit service cooperative that accepts deposits,makes loans,and provides other financial services.
|both coins and paper money
|the interest rate the fed charges on its loans
|federal open market committee
|the most powerful committee of the fed,because it makes the decision that affect the economy as a while manipulating the money supply
|policy that involves changing the rate of growth of the money supply in circulation in order to affect the cost and availability of credit
|open market operations
|purchase or sale of U.S government bonds and Treasury bills
|a certain percentage of deposits that banks have to set aside as cash in their own vaults or as deposits in their federal reserve district bank.
|an account in which customers receive interest based on how much money they have deposited
|savings and loan associations
|financial institutions that traditionally loaned money to people buying homes