Monetary Policy (Chapter 1) - Continuation
A duly licensed enterprise authorized to underwrite securities of another person or enterprise, including securities of the government and its instrumentalities.
Investment house
legally defined and regulated entities that pool money from investors to invest in a portfolio of securities, such as stocks, bonds, and commodities.
Investment companies
a business which lends money to people and charges them interest while it pay it back.
Financing companies
an individual or firm who stands really and willinh to but a security for its own account (at its bid price) or sell from its own account (at its ask price).
Security dealers
professionals who conbect sellers and buyers in the financial market. They sell stocks and other securities to customers and suggest investment options to them.
Security brokers
a non-stock, non-profit corporation engaged in the business of accumulating the savings of its members and using such accumulations for loans to members to service the needs of household by providing long term financing for home building.
Non-stock savings and loan association
a store that lends money in exchange for a valuable thing that they can sell if the person leaving it does not pay an agreed amount of money by an agreed time.
Pawnshop
insurance that is offered by private companies as opposed to government entities.
Private Insurance Companies
a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short term debt.
Mutual funds
A nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
Credit unions
used in its own original form, a used to determine the worth or value of a good or service.
Utility
money is easily acceptable by everyone without any hesitation for exchange.
General acceptability
Money must be easily moved around. Primary use of money is to exchange it for goods and services.
Portability
every unit of currency should be the same no matter where or when it was produced.
Uniformity
money material should be capable of being melted, beaten and given convenient shapes.
Malleability
the ability to last over time, resisting wear, breakage, deterioration, etc. It does easily change form and can be used for a long period of time
Durability