central bank correct answers a national bank that provides financial and banking services for its country's government and commercial banking system, as well as implementing the government's monetary policy and issuing currency.
european central bank correct answers central bank for the euro and...
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central bank correct answers a national bank that provides financial and banking services for its
country's government and commercial banking system, as well as implementing the
government's monetary policy and issuing currency.
european central bank correct answers central bank for the euro and administers monetary policy
of the Eurozone, which consists of 19 EU member states and is one of the largest currency areas
in the world.
federal reserve system correct answers is the central bank of the United States. The Fed, as it is
commonly known, regulates the U.S. monetary and financial system.
financial institution correct answers an establishment that conducts financial transactions such as
investments, loans and deposits.
financial instrument correct answers monetary contracts between parties. They can be created,
traded, modified and settled. They can be cash (currency), evidence of an ownership interest in
an entity (share), or a contractual right to receive or deliver cash (bond).
financial market correct answers market in which people trade financial securities, commodities,
and other fungible items of value at low transaction costs and at prices that reflect supply and
demand.
financial system correct answers the system that enables lenders and borrowers to exchange
funds
markets correct answers a regular gathering of people for the purchase and sale of provisions,
livestock, and other commodities.
fiat money correct answers inconvertible paper money made legal tender by a government
decree.
funding liquidity correct answers the ability bank assumes liability and settles obligations.
inflation correct answers a general increase in prices and fall in the purchasing value of money.
M1 correct answers the sum of the dollar amounts of currency and nonbank travelers checks in
circulation, plus checkable deposits
M2 correct answers measure of the money supply that includes all elements of M1 as well as
"near money."
monetary aggregates correct answers measures of the nation's money stock
, unit of account correct answers a nominal monetary unit of measure or currency used to
value/cost goods, services, assets, liabilities, income, expenses; i.e., any economic item
bond market correct answers a financial market where participants can issue new debt, known as
the primary market, or buy and sell debt securities, known as the secondary market.
centralized exchange correct answers A financial market structure that consists of having all
orders routed to one place with no other competing market
counterparty correct answers a legal entity, unincorporated entity or collection of entities to
which an exposure to financial risk might exist
debt market correct answers the market where debt instruments are traded. Debt instruments are
assets that require a fixed payment to the holder, usually with interest
derivative instrument correct answers a contract between two or more parties based upon the
asset or assets. Its value is determined by fluctuations in the underlying asset. The most common
underlying assets include stocks, bonds, commodities, currencies, interest rates and market
indexes.
direct finance correct answers a method of financing where borrowers borrow funds directly
from the financial market without using a third party service, such as a financial intermediary.
ECN correct answers an electronic system that widely disseminates orders entered by market
makers to third parties and permits the orders to be executed against in whole or in part.
equity market correct answers the market for trading equity instruments
HFT correct answers a computerized trading strategy used to exploit fleeting market
inefficiencies.
indirect finance correct answers where borrowers borrow funds from the financial market
through indirect means, such as through a financial intermediary. This is different from direct
financing where there is a direct connection to the financial markets as indicated by the borrower
issuing securities directly on the market.
money market correct answers the trade in short-term loans between banks and other financial
institutions.
mortgage backed security correct answers a type of asset-backed security that is secured by a
mortgage or collection of mortgages. The mortgages are sold to a group of individuals (a
government agency or investment bank) that securitizes, or packages, the loans together into a
security that investors can buy.
OTC market correct answers trading in stock is carried out by market makers using inter-dealer
quotation services
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