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MONEY, BANKING AND THE FED
CHAPTERS 10 AND 16
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FUNCTIONS OF MONEY MEDIUM OF EXCHANGE UNIT OF ACCOUNTING
STORE OF VALUE
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CHARACTERISTICS OF MONEY
DURABLE PORTABLE DIVISIBLE STABLE SCARCE ACCEPTED
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TYPES OF MONEY COMMODITY MONEY REPRESENTATIVE MONEY FIAT MONEY
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MONEY VS. NEAR MONEY
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MONEY CURRENCY CHECKS CREDIT CARDS DEBIT CARDS
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NEAR MONEY VALUE IN TERMS OF MONEY LIQUIDATE EASILY
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TYPES OF NEAR MONEY SAVINGS ACCOUNT CERTIFICATES OF DEPOSIT
MUTUAL FUNDS
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M1 SPEND IMMEDIATELY BILLS COINS CHECKS
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M2 = M1 + near money
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BANKING SERVICES CHECKING SAVINGS SAFE DEPOSIT BOXES TRANSFER MONEY
OVERDRAFT CHECKING SERVICES CHARGES CHECKING SAVINGS SAFE DEPOSIT BOXES
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BALANCING A CHECKBOOK
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The FED JANET YELLEN, CHAIRMAN OF THE FEDERAL RESERVE
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FUNCTIONS OF THE FED SET RESERVE REQUIREMENT SUPPLY CURRENCY
CONSUMER PROTECTION CHECK CLEARING GOVERNMENT’S FISCAL AGENT SUPERVISE MEMBER BANKS SET RESERVE REQUIREMENT SUPPLY CURRENCY REGULATE MONEY SUPPLY
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STRUCTURE OF THE FED BOARD OF GOVERNORS FEDERAL OPEN MARKET COMMITTEE
FEDERAL ADVISORY COUNCIL FEDERAL RESERVE BANKS MEMBER BANKS
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TOOLS OF THE FED RESERVE REQUIREMENTS DISCOUNT RATE
OPEN MARKET OPERATIONS
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WHAT IS THE FEDERAL RESERVE AND WHAT DOES IT DO?
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