1. Chapter 14 Review
Money and Banking

2. Concepts Money Easy Money Policy As an economic good.
Determining value
Defined
Types and characteristics
Easy Money Policy
What is it?
How does it effect the economy?

3. Chapter 14 – 1 Visual
Page 409

4. Chapter 14 – 3 Visual
Page 400

5. Concepts FOMC Federal Reserve What does it do? Its purpose?
How the FED effects interest rates.
What is its organization/makeup/structure
When was it established?
Why?

6. Concepts FDIC Continental Currency and Greenbacks M1 M2
What is its purpose?
Why it was needed?
Continental Currency and Greenbacks
What is the historical significance? M1 M2

7. Chapter 14 – 3 Visual
Page 405

8. Concepts What are bank runs? What are barter economies?
Causes and solutions
What are barter economies?
Do they work?
Why?
What is a ‘liquid asset’?

9. Chapter 14 – 2 Visual
Page 409

10. Chapter 14 – 2 Visual
Page 395

11. Essay
Describe M1 and M2. What is the difference between M1 and M2?

12. Essay
What gives “money” it worth and value?

13. Essay
Identify and be able to describe the 4 characteristics of money and apply them to the situation described in the passage.

14. Essay
Using the situation given, what would be the impact on consumers if the FED action describe was taken?

15. Essay
Identify and explain the tools used by the FED to monitor and conduct monetary policy.