| A | B |
|---|
| member banks | bank belonging to the federal reserve system |
| marginal requirement | minimum deposits left with a stock-broker |
| monetary policy | action by federal reserve system to expand |
| reserve requirement | formula used compute amount of depository |
| excess reserves | finanical institution cash, currency, and reserves |
| certificate of deposit | bearing loan to a financial institution |
| savings account | interest bearing deposit not requiring prior notice before making a withdrawl |
| time deposits | requirement may not always be enforced |
| easy money policy | monetray policy resulting in lower interest rates and greater actcess to credit |
| tight money policy | monetary policy resulting in higher interest rate |
| open market operation | bond sale and purchase |
| discount rate | interest rate that FED change on loans |
