воскресенье, 19 Май 2024, 02:47
Сайт: E-Learning KIMEP
Курс: Intermediate Macroeconomics ECN3082 L, Mussurov Altay (ECN3082 L, Mussurov Altay )
Глоссарий: Course glossary
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Official reserves accountThe FED’s adjustment of a deficit or surplus in the current and capital account by the addition or subtraction of foreign currencies so that the balance of payments is zero. |
Open market operationsA tool of monetary policy, it involves the FED’s buying or selling of securities to or from commercial banks and the general public. |
Opportunity costThe value of the sacrifice made to pursue a course of action. |