140 likes | 254 Views
Chapter 13-16 Ch 13- Money and Financial Institutions. Qualities of Money. Stability of value Portable and durable Uniformity Divisibility Recognizability Store of value Measure of value. Other Terms. Money supply Currency Demand deposits Near moneys Fractional reserve banking
E N D
Qualities of Money • Stability of value • Portable and durable • Uniformity • Divisibility • Recognizability • Store of value • Measure of value
Other Terms • Money supply • Currency • Demand deposits • Near moneys • Fractional reserve banking • Reserve ratio • Federal Reserve System
What does the Federal Reserve do? See page 232-233 • 1. • 2. • 3. • 4. • 5. • 6.
Key terms • Purchasing power of money • Demand pull inflation • Cost push inflation
Chapter 14 • See page 242 and draw a picture of the cycle • Define these… • Recession • Recovery • Durable goods • Housing starts • Jobless claims
Key Indicators • CPI • GDP • Unemployment rate • Frictional • Seasonal • Structural • Cyclical
Fiscal & Monetary Policy • Explain… • What is the discount rate? • Reserve ratio?
Chapter 15- International Trade • Tariffs • Quotas • Export subsidies • Barriers to trade– What are the arguments in favor and against? • WTO • GATT • EU • NAFTA • Foreign exchange market
Chapter 16- Globalization • Globalization • Good or bad? • What is the relationship between economic development and population growth?
Income growth in less developed countries • Labor standards • The environment • Resources and incentives • Government regulation?