Across
- 6. A consolidated report of economic conditions in each of the Federal Reserve districts; used by the Federal Open Market Committee in formulating monetary policy.
- 9. The relationship between the term remaining until maturity and the annualized yield of debt securities.
- 10. Compensation for a security having a lower degree of liquidity.
- 11. Whether or not the security provides tax exemptions.
Down
- 1. How easily a security can be converted into cash without a loss in value
- 2. The theory that the term structure of interest rates is determined solely by expectations of interest rates.
- 3. investors and borrowers choose securities with maturities that satisfy their forecasted cash needs. The choice of long-term versus short-term maturities is determined more by investors’ needs than by their expectations of future interest rates.
- 4. A system that is involved (along with other agencies) in regulating commercial banks and responsible for conducting periodic evaluations of state-chartered banks and savings institutions.
- 5. The market’s forecast of the future interest rate.
- 7. The security issuer’s risk of defaulting.
- 8. Statement provided by the FOMC to the Trading Desk regarding the target level of the federal funds rate.