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Ted,a worker who is dissatisfied with slow negotiations between his union,United Factory Workers (UFW) ,and his employer,Variety Manufacturing,Inc. ,convinces 10 percent of the UFW employees to call their own strike.This is
Traveler's Checks
Preprinted, fixed-amount checks designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid for that privilege.
Saving Deposits
Accounts held at financial institutions that pay interest but typically have restrictions on withdrawals.
M1
A category of the money supply that includes all physical currency and coin, demand deposits, traveler's checks, and other checkable deposits.
Open-Market Purchase
The buying of securities and other financial assets by a central bank from the market to increase the money supply and lower interest rates.
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