Economics 6.3
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Last updated 4:49 AM on 12/15/25
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7 Terms
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Monetary policy
The Fed’s actions to control money and credit in the economy.
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Reserves
Money banks keep on hand or at the Fed.
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Reserve requirements
The minimum amount banks must keep in reserve.
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Check clearing
Process of moving money from one bank to another after a check is written.
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Bank holding company
A company that owns one or more banks.
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Federal funds rate
Interest rate banks charge each other for overnight loans
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Discount rate
Interest rate the Fed charges banks for loans.
Note 
Flashcards (84)