Resplendent quetzal Resplendent quetzal The resplendent quetzal () ("Pharomachrus mocinno") is a bird in the trogon family. It is found from Chiapas, Mexico to western Panama (unlike the other quetzals of the genus "Pharomachrus", which are found in South America and eastern Panama). It is well known for its colorful plumage. There are two subspecies, "P. m. mocinno" and "P. m. costaricensis". The resplendent quetzal plays an important role in various types of Mesoamerican mythology. It is the national bird of Guatemala, and its image is found on the country's flag and coat of arms. It also lends its name to the
Monetary policy of the United States other types of money. Broad money includes money held in deposit balances in banks and other forms created in the financial system. Basic economics also teaches that the money supply shrinks when loans are repaid; however, the money supply will not necessarily decrease depending on the creation of new loans and other effects. Other than loans, investment activities of commercial banks and the Federal Reserve also increase and decrease the money supply. Discussion of "money" often confuses the different measures and may lead to misguided commentary on monetary policy and misunderstandings of policy discussions. Monetary policy in the US is