Match the sentence beginnings (1- 5) with the correct endings (a –e).
Date: 2015-10-07; view: 531.
1. Pension funds must have__________.
2. The money markets are used extensively by businesses_______.
3. The Federal Reserve's role is _______________________________.
4. The banking industry exists primarily ______________________.
5. Money market transactions do not ________________________.
a) both to warehouse surplus funds and to raise short-term funds
b) take place in any one particular location or building.
c) to provide short-term loans and to accept short-term deposits.
d) sufficient liquidity to meet their obligations
e) in controlling the economy through open market operations.
4. Match words and phrases in the box with their definitions.
| 1. | the Federal Reserve | a. | The Federal Reserve's purchases and sales of securities, usually U.S. Treasury securities, in financial markets |
| 2. | thrifts | b. | a gain or loss from an investment |
| 3. | a return | c. | a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time (unless a penalty is paid). |
| 4. | open market operations | d. | the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold. |
| 5. | time deposit | e. | a government department related to finance and taxation. |
| 6. | money market | f. | a business, firm, or company whose business is to act as a broker |
| 7. | secondary market | g. | a market for trading short-term debt instruments, such as treasury bills, commercial paper, bankers' acceptances, and certificates of deposit |
| 8. | Treasury Department | h. | a type of professionally-managed collective investment scheme that pools money from many investors to purchase securities |
| 9. | a brokerage firm | j. | a financial institution that specializes in accepting savings deposits and making mortgage and other loans |
| 10. | mutual fund | k. | the central banking system of the United States |