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Economics Chapter 10 Money and the Financial Market

Economics Chapter 10 Money and the Financial Market. Money for Nothing. Money 10A. Money 1 Chronicles 29:12 and Proverbs 30:8-9 pg 186 Money : is anything that a society commonly uses and generally accepts in payment for goods and services. Thus anything can serve as money.

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Economics Chapter 10 Money and the Financial Market

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  1. Economics Chapter 10Money and the Financial Market Money for Nothing

  2. Money 10A • Money • 1 Chronicles 29:12 and Proverbs 30:8-9 pg 186 • Money: is anything that a society commonly uses and generally accepts in payment for goods and services. Thus anything can serve as money. • Legal Tender: U.S. Congress declares our currency to be legal tender, so that if you tender (or offer) it as payment for a debt, all creditors must accept it.

  3. Money 10A • Functions of Money (pg187-188) • Means of Payment • Measure of Value • Means of Storing Purchasing Power • Bartering (inefficient) vs. using Money • Desirable Characteristics of Money Convenience and Portability • Divisibility • Durability • Stability

  4. Money 10A • Money Standards • Commodity money • Full-bodied coin • Token coin • Representative money • Fiat money

  5. Money 10A • Measuring the Money Supply • M-1 • M-2 • Creation of Money • Fractional Reserve Banking

  6. The Financial Market 10B • The Financial Market • Financial Market • Commercial Banks • History of Banking in the United States • Dual Banking and Regulation • Commercial bank and charter

  7. The Financial Market 10B • Functions of Commercial Banks • Other Financial Institutions: Thrifts • Savings and Loans (S&Ls) pg 199 the S&L Crisis • Mutual Savings banks • Credit Unions • Contractual Savings Institutions

  8. The Financial Market 10B • Finance Companies • Investment Companies • Personal Finance: Opening and Maintaining a Transaction Account

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