RE Financing Ch. 2 Quick Key terms

Fiscal Policy

Government taxation, spending and deficits
Monetary Policy

Government control of money supply
Federal deficit

government debt
Home mortgage interest deduction

mortgage interest deductions
Exclusion of gain on sale of home

no tax on sale of home
Depreciation deductions

income property repair deductions
Federal Reserve System

the Fed; regulates banks, uses monetary policy
Reserve requirements

-deposit limition
Federal Reserve Bank

12 district;
Federal Reserve Board

7 board of governors; 14 yr; different district
Inflation

price increase
Discount rate

interest rate on short-term loans; Fed
Federal funds rate

interest rate banks charge each other; Fed target
Open market operations

buy, sell government securities; money circulation control
Federal Open Market Committee

open market operations decisions

Author

Blue2xa88

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Card Set

RE Financing Ch. 2 Quick Key terms

Description

Federal Fiscal and Monetary Policy quick key terms

Updated

2016-06-09T04:00:33Z