Money supply/Related Articles: Difference between revisions
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==Index== | ==Index== | ||
See the | See the [[Economics/Related Articles|economics index]] for an index to topics referred to in the economics articles. | ||
==Glossary== | ==Glossary== | ||
Revision as of 13:35, 26 January 2010
- See also changes related to Money supply, or pages that link to Money supply or to this page or whose text contains "Money supply".
Index
See the economics index for an index to topics referred to in the economics articles.
Glossary
- Bill of Exchange [r]: A written order to pay the holder a stated sum of money at a stated date (otherwise known as a "draft", the person who is paid being termed the "drawer"). [e]
- Fiat money [r]: money whose value is determined solely by government order, or "fiat" (as distinct from commodity money that has value because of its scarcity or cost of production). [e]
- Liquidity [r]: (i) The quantity of available assets in its possession that an organisation could rapidly exchange for cash (assets that cannot be exchanged for cash at a particular time are considered to be "illiquid" at that time); (ii) the funding that is unconditionally available to settle claims through monetary authorities (termed "official liquidity"). [e]
- Liquidity trap [r]: a state of the economy in which an expansionary monetary policy has no effect upon output. [e]
- Monetary base [r]: currency in circulation plus bank vault cash plus deposits held by banks at the central bank (termed "high-powered money" in the US, and referred to as M0 in the UK). [e]
- Money market [r]: A market for short-term debt instruments (generally of maturity after less than one year) such as certificates of deposit, commercial paper, and Treasury bills. [e]
- Money multiplier [r]: the ratio of the money supply M1 to the monetary base. [e]
- Open market operation [r]: The buying and selling of government securities in order to influence the level of banking reserves. [e]
- Reserves (banking) [r]: A bank's holding of deposits at its central bank plus the currency held in its vaults. [e]
- Reserve ratio [r]: The ratio of a bank's reserves to its deposits, a minimum value of which is set by its central bank with the effect of limiting the proportion of its deposits that the bank is permitted to lend. [e]