1 / 11

Exploring Modern Money: Fiat Currency and Financial Intermediaries

Dive into the nature of modern fiat money and the evolution of banks as financial intermediaries. Learn about the efficiency gains from bank services and the role of representative and paper money in the financial world.

gsquires
Download Presentation

Exploring Modern Money: Fiat Currency and Financial Intermediaries

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Money 101 | finance-lectures.com Modern Money Daniel Folkinshteyn, PhD http://finance-lectures.com/ personal@finance-lectures.com

  2. Money 101 | finance-lectures.com Learning objectives • Summarize nature of modern fiat money • Describe the rise of banks as financial intermediaries • Explain the efficiency gains from bank services

  3. Money 101 | finance-lectures.com Representative money

  4. Money 101 | finance-lectures.com Rise of intermediaries "paper money"

  5. Money 101 | finance-lectures.com Paper money Banknote from Sweden, issued in 1666

  6. Money 101 | finance-lectures.com U.S. paper money

  7. Money 101 | finance-lectures.com Quiz 1 Since paper money isn't redeemable directly from the issuer for anything, why do you still accept paper dollars in exchange for valuable goods and services?

  8. Money 101 | finance-lectures.com Fiat money

  9. Money 101 | finance-lectures.com Banks Financial intermediaries

  10. Money 101 | finance-lectures.com Additional reading The Ascent of Money: A Financial History of the World by Niall Ferguson

  11. Money 101 | finance-lectures.com Attributions • All images, unless otherwise noted, are sourced from pixabay.com or Wikimedia Commons, and are licensed under CC0, public domain. • Image of Claudius II coin, sourced from Wikimedia Commons, by Classical Numismatic Group, CC-BY-SA 3.0.

More Related