Money Market Accounts

The monetary base represents the total amount of a currency in circulation or held in reserves. This includes money held by the general public and commercial bank deposits, as well as any money held in reserves by these institutions at the central bank. While this measure of the money supply is not often cited due […]

Foreign exchange reserves are assets held by a central bank, denominated in a foreign currency. These reserves serve multiple purposes, primarily to back liabilities and influence monetary policy. They can include banknotes, deposits, bonds, treasury bills, and other government securities. Key Takeaways: – Foreign exchange reserves are held by a nation’s central bank in foreign

The Security and Exchange Commission’s widely anticipated reforms for money market funds were implemented on Oct. 14, 2016. These reform rules drastically changed the way investors and the affected fund providers view money market funds as an alternative for short-term cash investing. Many investors, especially institutions, faced increased risks or lower yields on their short-term

If a nation’s economy were a human body, then its heart would be the central bank. And just as the heart works to pump life-giving blood throughout the body, the central bank pumps money into the economy to keep it healthy and growing. Sometimes economies need less money, and sometimes they need more. The methods

What Is the Bank Discount Rate? The bank discount rate is the interest rate for short-term money market instruments like commercial paper and Treasury bills. It is based on the instrument’s par value and the amount of the discount. The par value is the face value or original value of the investment when it was

The Johannesburg Interbank Average Rate (JIBAR) is a crucial money market rate utilized in South Africa. It serves as the benchmark for short-term loans and instruments, available in one-month, three-month, six-month, and 12-month discount terms. Among these, the 3-month JIBAR rate is the most widely accepted and used. Borrowers in South Africa, whether individuals or

A retail repurchase agreement, often referred to as a ‘retail repo agreement,’ is a financial product that provides an alternative to traditional savings accounts. In such an agreement, an investor purchases a share of a pool of securities from a bank, typically consisting of U.S. government or agency debt with a term of fewer than

The Bankrate Monitor Index is a critical tool for tracking money market interest rates on depository accounts in the United States, including checking, savings, money market, and CD accounts. Founded in 1976 by Robert K. Heady, it was established to help consumers understand prevailing trends in deposit rates, enabling them to find the best deals

The Money Market Investor Funding Facility (MMIFF) was a financial entity created by the Federal Reserve during the financial crisis of 2008 to raise the liquidity available for money market investments. Understanding the MMIFF The Money Market Investor Funding Facility (MMIFF) existed from November 24, 2008, through October 30, 2009. During that time, the Federal

The Interbank Call Money Market is a critical component of the financial system, facilitating short-term borrowing and lending among large financial institutions such as banks, mutual funds, and corporations. This market operates on interbank rates, which are the interest rates banks charge each other for borrowed funds. These loans are notably short-term, often lasting no