Economics of banking full summary: Book, Lectures, Tutorials [Level] Questions and Answers 2023

Risk-Weighted assets - -Translates assets into risk-assessed assets -Which business within banks is more cyclical? - -Investment banking, because there are deals going on; when the economy is booming, there's activity, and theres fees that investment banks collect -What incentives to banks ha...

appreciation - -an increase in the value of a currency as measured by the amount of foreign currency it can buy -automated clearing house - -an electronic payment network available to businesses, individuals and financial institutions in the US, US terriroties, and Canada -barter system - -an ...

collateral - -property used to guarantee that a loan will be repaid -savings and loan associations - -banks originally established to help people buy homes -credit unions - -banks that are owned by their members to create a pool of money for low-interest loans -federal reserve system - -the...

check routing number - -A group of numbers listed at the bottom of a check ; the first group is your routing number (bank ID number), the second is your account number and the third is your check number -ATM card - -A payment type similar to a debit card that allows you to make electronic purchas...

Commodity money - -Money whose value comes from s commodity of which is made -Fist money - -Currency that a government has declared to be legal tender, but is not backed by a physical commodity. -Fractional banking - -Baking system in which only a fraction of bank deposits are backed by actual...

Economics of banking full summary: Book, Lectures, Tutorials [Distinction Level]2023 Commodity money - -Money whose value comes from s commodity of which is made -Fist money - -Currency that a government has declared to be legal tender, but is not backed by a physical commodity. -Fractional...

Balance Sheet - -is a statement that shows an individual's or a firm's financial position on a particular day. -Asset - -is something of value that an individual or a firm owns; in particular, a financial claim. -Liability - -is something that an individual or a firm owes, particularly a fin...

Balance Sheet - -is a statement that shows an individual's or a firm's financial position on a particular day. -Asset - -is something of value that an individual or a firm owns; in particular, a financial claim. -Liability - -is something that an individual or a firm owes, particularly a fin...

Alan Greenspan - -chairman of the Federal Reserve board on 1987 to 2006. Major Accomplishment was controlling inflation while supporting unprecedented economic growth. Served under the presidents Ronald Regan, George H. W. bush, Bill Clinton, George W. Bush. -Alexander Hamilton: - -is the first s...