Money Legal tender issued by a government. Paper currency and coin.
Negotiable Instrument An order or promise to pay a certain amount of money that can easily be transferred from one person to another.
Liquid Easily converted into cash.
Federal Reserve BoardEstablished in 1913 to regulate the monetary1 and banking2 system of the United States through the Federal Reserve System.
Open Market Operations Activities by the Federal Reserve Bank to regulate money supply.
Money Market Market for short-term debt with a maturity3 of one year or less.
Monetary Policy Decisions of the Federal Reserve Board regarding money supply.
Inflation A rise in prices usually due to too much money chasing too few goods and services. |