Economic Glossary | Monetary Policy | Bankers Algo
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Economic Glossary

    Monetary Policy

The Federal Reserve System's use of the money supply to stabilize the business cycle. As the nation's central bank, the Federal Reserve System determines the total amount of money circulating around the economy. In principle, the Fed can use three different "tools"--open market operations, the discount rate, and reserve requirements--to manipulate the money supply. In practice, however, the primary tool employed is open market operations. To counter a recession, the Fed would undertake expansionary policy, also termed easy money. To reduce inflation, contractionary policy is the order of the day, and goes by the name tight money.


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Banker's Algo Daily Dose

Word of the day

Famish(v)

Meaning:

Reduce someone to extreme hunger

Synonyms: abstain, deny oneself, diet, fast

Antonyms: eat, glut, gorge, stuff

Apti Question of The day

Question

What is the sum of positive integers less than 100 which leave a reminder 1 when divided by 3 and leave a remainder 2 when divided by 4?

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