Section 1 Flashcards
0
Q
Monetary
A
Is a term that means “relating to money.”
1
Q
Central bank
A
Is a nation’s main monetary authority.
2
Q
Federal Reserve System
A
Is the central bank of the United States.
3
Q
Currency
A
Is coins and paper money.
4
Q
Board of Governors
A
Supervises the operations of the Fed.
5
Q
Federal Open Market Committee (FOMC)
A
Supervises the sales and purchase of government securities.
6
Q
Thrift institution
A
Is a financial institution that serves savers.
