Unlike Banks, Thrifts Are Not Subject to Monetary Control by the Fed

question 73

True/False

Unlike banks, thrifts are not subject to monetary control by the Fed, and thus they (thrifts) do not have to hold reserves
against their checkable deposits.

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Definitions:

Government Purchases

Expenditures by government entities on goods and services that directly fulfill governmental functions or public needs.

Taxes

Mandatory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

Aggregate Demand Curve

A graph showing the relationship between the total quantity of goods and services demanded across all sectors of an economy and the overall price level.

Net Exports

The value of a country's total exports minus the value of its total imports; it is a component of a country's gross domestic product.