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Exhibit 2-2
-Refer to Exhibit 2-2. If PPF2 is the relevant production possibilities frontier, a significant loss of the quantity of resources available could
Open Market Operations
are actions taken by central banks to buy or sell government securities in the open market to control the money supply and influence interest rates.
Federal Reserve Notes
The paper currency issued by the Federal Reserve System in the United States, serving as the nation's primary form of legal tender.
Checkable Deposits
Bank account balances that are readily available for withdrawal and can be used for making payments, such as in checking accounts.
U.S. Treasury Deposits
Funds held at the Federal Reserve that belong to the U.S. Treasury, often from revenues or borrowing, used for government spending.
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