UGBA 10 Chapter Notes - Chapter 3: Debit Card, Demand Deposit, Savings Account

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 10
• Professor: Omar Romero-Hernandez

Document Summary

Relative value of goods/services: m-1: the spendable money supply. Sec & state/local gov (2) private pensions fund employees, unions etc. b) /sell stock and bonds for client investors and for own accounts: the growth of financial services, pension and trust services a) Paypal (2) debit cards, payroll, atm, bill payment etc: automated teller machines (atms) - allows bank customers to conduct account-related activities 24/7 (1) china = world"s largest atm market (2) global multilingual fixture. Inflation price increases throughout econ bc ms is too large: the tools of the fed, reserve requirement - percentage of deposits bank must hold in cash or on deposit w/ fed a) Banks have less 21182 to lend dec. ms: dec. r. r. Banks have more 21182 to lend inc. ms. In return of tarp funds us treasury holds warrants gives. If trade is balanced (21182 inflows and outflows are equal for both countries: then 21182 doesn"t actually have to flow between the two countries.