"Where Everyone Has an MBA"
Tel: (612) 246-4616
Tel: (612) 246-4616
MONEY SUPPLY is the three categories of money supply (MI, M2, M3) as defined by the U.S. Federal Reserve Board.
M1 The sum of-currency held by the public, plus travelers' checks, plus demand deposits, plus other checkable deposits-i.e., negotiable order of withdrawal (NOW) accounts, automatic transfer service (ATS) accounts and credit union share drafts.
M2 MI plus savings accounts and small-denomination time deposits, plus shares in money market mutual funds (other than those restricted to institutional investors) and overnight Eurodollars and repurchase agreements.
M3 M2 plus large-denomination time deposits (over $100,000) at all depository institutions, large-denomination term repurchase agreements and shares in money market mutual funds restricted to institutional investors.
ON-THE-JOB TRAINING (OJT) is training that takes place at the work site, usually supervised by a manager or an experienced coworker.
CAPITAL ADEQUACY is a measure of the financial strength of a bank or securities firm, usually expressed as a ratio of its capital to its assets. For banks, there is now a worldwide capital adequacy standard, drawn up by the Basle Committee of the Bank for International Settlements. This ratio requires banks to have capital equal to 8 per cent of their assets.
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