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No Click HO Esntls Ch15

No Click HO Esntls Ch15

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Published by: Tony Pham on Oct 04, 2013
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06/04/2014

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© 2009 Prentice Hall Business Publishing Essentials of Economics Hubbard/O’Brien, 2e.
 
Fernando & Yvonn QuijanoPrepared by:
Chapter 
15
Money, Banks, and theFederal Reserve System
 
© 2009 Prentice Hall Business Publishing Essentials of Economics Hubbard/O’Brien, 2e.
 
2 of 43
McDonald’s Money
Problems in Argentina
15.1 Definemoneyand discuss itsfour functions.15.2 Discuss thedefinitionsof themoney supplyused in the UnitedStates today.15.3 Explain howbanks create money.15.4 Discuss the threepolicy toolstheFederal Reserveuses to managethe money supply.15.5 Explain thequantity theory of  moneyand use it to explain howhigh rates of inflation occur.
LEARNINGObjectives
Confidence and trust cannot be
taken for granted. …households
and firms losing faith in an officialmoney can harm trade andeconomic activity in an economy.
 
   C   h  a  p   t  e  r   1   5  :   M  o  n  e  y ,   B  a  n   k  s ,  a  n   d   t   h  e   F  e   d  e  r  a   l   R  e  s  e  r  v  e   S  y  s   t  e  m 
© 2009 Prentice Hall Business Publishing Essentials of Economics Hubbard/O’Brien, 2e.
 
3 of 43
Money
Assets that people aregenerally willing to accept inexchange for goods and services or for payment of debts.
Asset
Anything of value owned by aperson or a firm.
Learning
Objective
15.1
What Is Money and Why Do We Need It?

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