Definition of money market account
[DOC File]Practice Homework 7 - SSCC - Home
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Foreign Exchange Market. Definition: the market where currencies are exchanged. History. gold standard (1876 – 1913) instability (1914 – 1943) Bretton Woods (1944 – 1973) floating exchange rates (1973 – present) Spot market . allows for immediate …
[DOC File]KATLC Board of Directors Meeting
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Money market mutual funds registered under the Investment Company Act of 1940 and regulated under rule 2a-7 of the Act shall be accounted for and reported as cash equivalents for statutory accounting. Investments in money market mutual funds shall be valued at fair value or net asset value (NAV) as a practical expedient.
[DOC File]TYPES OF MONEY
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Money market mutual funds and deposit accounts. Small denomination time deposits. The Market for overnight reserves - the federal funds market - this model applies up until the Fed received the authority to pay interest on reserves in October of 2008. Example - a $1000 open market purchase by the Federal Reserve (Federal Funds Trading Desk at ...
[DOC File]Chapter 5 Money and Inflation
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The concept of money includes more than the dollar bills and coins in our pockets. Checking accounts can and do perform the same market transactions as cash. Money is anything generally accepted as a medium of exchange. Transaction Accounts . Transaction account is a bank account that permits direct payment to a third party.
[DOCX File]Statutory Accounting Principles Working Group
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Financial services innovations (debit cards, and internet banking) that permit transfers from savings and investment accounts (i.e. broker money market accounts) to checking account for a miniscule fee have effectively reduced the demand for money.
[DOC File]Investment & Saving (IS) / Liquidity and Money (LM) Model
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Definition and calculation of the money supply. A bank’s balance sheet. The Federal Reserve system. The money multiplier. The relationship between the money market and the bond market. Multiple Choice Questions: 1. Which of the following is NOT a function of money? (a) It facilitates the barter system. (b) It serves as a store of wealth.
[DOC File]Chapter 13 Notes
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“Reserve Account” add money market account definition now reads “Reserve Account” means the Certificate of Deposits (CDs) and money market account with Lender by Guarantor as collateral for Guarantor’s obligations to Lender. SERVICES TO BE PROVIDED BY KATLC. a. Change year from 2010 to 2012, delete dollar amount, savings and add money ...
Money market account - Wikipedia
MMMF (Money Market Mutual Funds): Interest bearing accounts offered by investment companies, which pool depositors’ funds for the purchase of short-term securities. Depositors may write checks in minimum amounts or more against their accounts. M3 – Broadest definition of the U.S. money supply *M3=M2 + large ($100,000 or more) time deposits
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