The Federal Reserve banking system was created in 1913, the same year that income taxes were added to the US Constitution.
12 regional Fed banks were established, each of which plays a role in monitoring and implementing interventions to the flow of money in the economy. The Federal Reserve Bank is a 12-bank system in the United States that plays the role of the country’s central bank.
Central banks in other countries are typically part of the government and print the actual currency, but in this case the Fed is independent of the actual US government, and the Treasury Department technically prints the money.
The Fed’s leadership is partially composed of government appointees, so that it straddles the line between public and private interests.
The Fed influences monetary policy, and the economy, by being a cornerstone of the inter-bank financial markets and being the source of funds for member banks when they have no other way to meet capital requirements for whatever reason.
This is one of the ways in which the Fed stabilizes the financial sector. It also has a direct influence on the interest rate environment, which can determine how much risk people are willing to take in the market, or how much money is circulating.
401(k) plans typically allow loans to be taken, so that investors don’t have to pay taxes or an early-withdrawal penalty
Absolutely – this is what separates them from traditional pension plans. Many participants opt to take this lump sum
Market Value refers to the amount an asset can be sold for on the open market, at any given time
A short squeeze occurs when many short-sellers attempt to cover their positions at the same time, and it drives prices up
A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past.
Accounting policies are the internal controls of a company which stipulate the methods by which the books will be kept
Adjusted Cost Basis (ABC) is the value of an item for tax purposes, adjusted for depreciation and expenditures
The laws concerning a legal residence or primary residence may come into play for purposes of insurance, state taxes...
Lifetime cost is the total amount of money that a good will cost a consumer over the entire course of ownership
The Cup-and-Handle pattern is formed when a stock price initially declines and then rises to form a “U”like shape