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Bell Ringer #4 – 3/10/11

Bell Ringer #4 – 3/10/11. What was the goal of the Initiative for a Competitive Inner City (ICIC)? How many checks do Americans write each year? What institution provides loans for local banks?. Money Supply – 3 measurements.

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Bell Ringer #4 – 3/10/11

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  1. Bell Ringer #4 – 3/10/11 • What was the goal of the Initiative for a Competitive Inner City (ICIC)? • How many checks do Americans write each year? • What institution provides loans for local banks?

  2. Money Supply – 3 measurements • M1 – Narrowest Measure. It counts funds easily accessible and in circulation. Simplest measure of money. • M2 – Includes M1 + money market account shares, savings deposits, etc. • M3 – Broadest measure; Includes M2 + puchase agreements and some Eurodolalrs

  3. Component of Monetary Suply

  4. Homework • Read Ch 14, Sec 3 • Answer questions 1, 2, & 3abc on page 344

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