Define the Term Communications

question 17

Short Answer

Define the term communications.

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Definitions:

Reserve Requirement

The minimum amount of reserves that banks are required to hold by law, usually a percentage of their deposits, to ensure bank liquidity.

Open Market Operations

Central bank activities involving the buying and selling of government securities to control the money supply and interest rates.

Discount Rate

The fee in terms of interest that depository institutions and commercial banks pay for loans taken from the lending establishment of their regional Federal Reserve Bank.

Monetary Policy

Monetary policy involves the management of a country's money supply and interest rates by its central bank to control inflation, unemployment, and economic growth.