Money supply in different countries

Question 1

What are traveler’s checks

Answer 1

Traveler’s checks are fixed amounts issued by banks for travelers in order to use for traveling expenses, making things more convenient.

Question 2

What is a repurchase agreement?

Answer 2

Is some type of short term loan, where the seller of a good agrees to buy that good back at a specified time in the future.

Question 3

What is Eurocurrency?

Answer 3

Eurocurrency is any currency held or traded outside its country of issue.

Question 4

What is Eurocredit?

Answer 4

Eurocredit are loans that are not made in a bank’s currency.

Question 5

What are monetary financial institutions?

Answer 5

Monetary financial institutions are banks, credit institutions, deposit-taking institutions etc.

Question 6

What are the functions of monetary financial institutions?

Answer 6

• receive deposits

- grant credits (loans)

Question 7

Repo is for?

Answer 7

The seller.

Question 8

Reverse repo is for?

Answer 8

The buyer.