MONEY, BANKING AND THE FED. FUNCTIONS OF MONEY MEDIUM OF EXCHANGE UNIT OF ACCOUNTING STORE OF VALUE.

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Presentation transcript:

MONEY, BANKING AND THE FED

FUNCTIONS OF MONEY MEDIUM OF EXCHANGE UNIT OF ACCOUNTING STORE OF VALUE

CHARACTERISTICS OF MONEY DURABLE PORTABLE DIVISIBLE STABLE SCARCE ACCEPTED

TYPES OF MONEY COMMODITY MONEY REPRESENTATIVE MONEY FIAT MONEY

MONEY VS. NEAR MONEY

MONEY CURRENCY CHECKS CREDIT CARDS DEBIT CARDS

NEAR MONEY VALUE IN TERMS OF MONEY LIQUIDATE EASILY

TYPES OF NEAR MONEY SAVINGS ACCOUNT CERTIFICATES OF DEPOSIT MUTUAL FUNDS

M1 SPEND IMMEDIATELY – BILLS – COINS – CHECKS

M2 = M1 + near money

BANKING SERVICES CHECKING SAVINGS SAFE DEPOSIT BOXES TRANSFER MONEY OVERDRAFT CHECKING SERVICES CHARGES

BALANCING A CHECKBOOK

The FED JANET YELLEN, CHAIRMAN OF THE FEDERAL RESERVE

FUNCTIONS OF THE FED CONSUMER PROTECTION CHECK CLEARING GOVERNMENT’S FISCAL AGENT SUPERVISE MEMBER BANKS SET RESERVE REQUIREMENT SUPPLY CURRENCY REGULATE MONEY SUPPLY

STRUCTURE OF THE FED BOARD OF GOVERNORS FEDERAL OPEN MARKET COMMITTEE FEDERAL ADVISORY COUNCIL FEDERAL RESERVE BANKS MEMBER BANKS

TOOLS OF THE FED RESERVE REQUIREMENTS DISCOUNT RATE OPEN MARKET OPERATIONS

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