Examlex
The Federal Reserve reports that it has coins valued at $10 billion, bank reserves at the Fed of $15 billion, gold valued at $10 billion, Federal Reserve notes of $400 billion, and U.S. government securities of $300 billion. What is the size of the monetary base?
Face Value
The nominal or dollar value printed on a security or financial instrument, such as a bond or stock certificate.
Interest Rate
The percentage of a loan that is incurred as interest by the borrower, usually represented as an annual percentage of the outstanding loan amount.
Non-Interest-Bearing
Describes a financial instrument that does not generate interest income for the holder.
Promissory Note
A pecuniary promise recorded in a document, where one side agrees to pay a definite financial sum to the other, available either on demand or on a date in the future that has been agreed upon.
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