Consumer Price Index (CPI)-A measure of the average change in prices over time in a fixed market basket of goods and services typically purchased by consumers. The consumer price index (CPI) for all urban consumers covers about 80% of the total population.
Open Market Operations-The buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system. Purchases inject money into the banking system and stimulate growth while sales of securities do the opposite.
Ginnie Mae-Government National Mortgage Association (GNMA), a government agency pass-through obligation supporting primary mortgages and backed by the full faith and credit of the US Government, subject to all taxes.
10-year T-bond-Treasury note that matures in August 2015 pays 4.25% in interest every year. If you bought a $10,000, 10-year T-note, you'd get $425 from Uncle Sam every year until it matured, at which point you'd get your $10,000 back.
Done by: Rhianna, Donald, Angelica, and Me.
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