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MONEY, BANKING AND THE FED

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Presentation on theme: "MONEY, BANKING AND THE FED"— Presentation transcript:

1 MONEY, BANKING AND THE FED
CHAPTERS 10 AND 16

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

3 CHARACTERISTICS OF MONEY
DURABLE PORTABLE DIVISIBLE STABLE SCARCE ACCEPTED

4 TYPES OF MONEY COMMODITY MONEY REPRESENTATIVE MONEY FIAT MONEY

5 MONEY VS. NEAR MONEY

6 MONEY CURRENCY CHECKS CREDIT CARDS DEBIT CARDS

7 NEAR MONEY VALUE IN TERMS OF MONEY LIQUIDATE EASILY

8 TYPES OF NEAR MONEY SAVINGS ACCOUNT CERTIFICATES OF DEPOSIT
MUTUAL FUNDS

9 M1 SPEND IMMEDIATELY BILLS COINS CHECKS

10 M2 = M1 + near money

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

12 BALANCING A CHECKBOOK

13 The FED JANET YELLEN, CHAIRMAN OF THE FEDERAL RESERVE

14 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

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

16

17 TOOLS OF THE FED RESERVE REQUIREMENTS DISCOUNT RATE
OPEN MARKET OPERATIONS

18 WHAT IS THE FEDERAL RESERVE AND WHAT DOES IT DO?

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