MoneyLegal tender issued by a government. Paper currency and coin.
Negotiable InstrumentAn order or promise to pay a certain amount of money that can easily be transferred from one person to another.
LiquidEasily converted into cash.
Federal Reserve BoardEstablished in 1913 to regulate the monetary and banking system of the United States through the Federal Reserve System.
Open Market OperationsActivities by the Federal Reserve Bank to regulate money supply.
Market for short-term debt with a maturity of one year or less.
Monetary PolicyDecisions of the Federal Reserve Board regarding money supply.InflationA rise in prices usually due to too much money chasing too few goods and services.