1. What two entities are involved in Fiscal Policy? What are the TWO tools used in Fiscal Policy?

3. ECON 200 Students’ Answers

4. Money is currency. 53 The Bureau of Engraving and Printing (BEP) produces currency and stamps, and the U.S. Mint produces our nation's coins.

5. Money is the economy! 6 Green paper that makes everyone happy! Money is wealth. Money is money.

7. Currency that is backed by gold. Money is the value of gold. Money is something of great worth. $890 an ounce

8. $250,000,000 Zimbabwe dollars =$6.68 U.S. Dollars

9. Money is the root of all evil! 3 A green piece of paper with dead Presidents on it. Money is something that has a value to it. Money makes the world go around.

10. Money is anything that is generally acceptable in the exchange for goods and services.

11. By Gus Maller (1840 - 1870) The Saloon Keeper

12. Pine Gulch was located 65 miles north/northeast of San Francisco *Pine Gulch

13. What did the mining town of Pine Gulch look like?

14. http://banjo2.virtualave.net/photographs.html Hilton Hotel

15. http://www.blackcowboys.com/blackcowboys.htm One Horse Charlie Mary Fields Postmaster and Stagecoach owner Poncho Sanchez

16. http://fermat.stmarys-ca.edu/~jpolos/paper/s_1036.jpg

20. What do you think was used as money in Pine Gulch?

22. http://www.surfnetinc.com/chuck/v-sw1.jpg

24. http://www.ranchpegasus.it/page1.htm

25. http://www.bignosekates.com/

26. 6’4” tall Weighed 240 pounds Quickest draw in the territory

27. “How much are you going to pay me”? “How much gold dust will I be guarding each month”? “1 percent of all the gold dust you guard per month.” “You’ll be guarding on average about $20,000 worth of gold dust per month.” $200 per month

28. http://banjo2.virtualave.net/photographs.html Slim’s

29. Assets = Own Liabilities = Owe +1

30. AssetsLiabilities $10,000 Gold Dust$10,000 Receipts

31. http://www.denix.osd.mil/denix/Public/ES-Programs/Conservation/Legacy/Settler/sett12.html

32. http://banjo2.virtualave.net/photographs.html

34. Slim’s

35. http://www.denix.osd.mil/denix/Public/ES-Programs/Conservation/Legacy/Settler/sett12.html

36. http://www.bignosekates.com/

37. http://www.denix.osd.mil/denix/Public/ES-Programs/Conservation/Legacy/Settler/sett12.html

38. *Pine Gulch

41. http://www.bignosekates.com/

42. Assets Liabilities $10,000 Gold Dust $10,000 receipts $10,000 New Receipts Written on wild green paper with wild pink ink

43. Now, what is considered to be money in Pine Gulch? The New Receiptswritten on wild green paper with wild pink ink Why are these receipts considered to be money? BECAUSE THEY ARE GENERALLY ACCEPTABLE IN THE PAYMENT FOR GOODS AND SERVICES!!!!!!!

44. http://www.denix.osd.mil/denix/Public/ES-Programs/Conservation/Legacy/Settler/sett12.html $ $ $

45. http://www.sanbenitohouse.com/images/saloon.jpg

47. I, Gus, owe Slim, $5,000 +$1,000 payable in 6 months.

48. AssetsLiabilities $10,000 Gold Dust$10,000 Receipts +5,000 Receipts 15,000 Receipts 5,000 Loan 15,000

49. More money? Less money? More!!!

50. Increase the stock of liquor

53. AssetsLiabilities $10,000 Gold Dust$10,000 Receipts +5,000 Receipts 15,000 Receipts 5,000 Loan 15,000 -6,000 -5,000 repaid loan 9,000 10,000 Receipts

54. Assets Liabilities $10,000 Gold Dust$10,000 Receipts +5,000 Receipts 15,000 Receipts 5,000 Loan 15,000 -6,000 -5,000 repaid loan 9,000 10,000 + Owner’s Equity +1,000 Slim’s claim 10,000 Receipts

58. Chapter 32 in the book This guy rides into town 6’9” tall 290 Pounds

59. http://www.tombstonemotels.com/gunslinger.htm Big Bart

61. http://www.fastdraw.org/

64. Assets Liabilities 110,000 Receipts30,000 Gold Dust 100,000 Loans + Owner’s Equity 20,000 Slim’s Equity 130,000

65. http://www.tombstone1880.com/archives/heath.jpg

66. http://www.kieffernaturestock.com/Colorado/PAGE145/TCurtisMartin.html

67. When a bank makes a loan, the money supply increases. When loans are repaid, the money supply decreases.

68. Professor Donald Wells grades some exams for his economics students in his office yesterday morning. Wells was the recipient of the 2000 Carnegie Foundation for the Advancement of Teaching Arizona Professor of the Year award.

69. All Credit goes to-- Dr. Donald Wells, Professor of Economics at the University of Arizona. Teacher, friend, mentor, and fellow Honorary Member of The International Golden Key Club