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Published byHubert Harmon Modified over 9 years ago
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Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks
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Union Membership
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Functions of Money 1. Medium of Exchange 2. Store of Value 3. Unit of Account
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Stone Money of Yap Island
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Federal Reserve Bank of NY
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Gold Vault at NY Fed 80 feet below ground, on Manhattan bedrock
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Hard to break into (Bruce Willis notwithstanding)
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On the other side of the door is 266 million ounces of gold. Each bar is worth about $450,000 at current market rates.
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A job worth having?
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Resisting temptation
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FDIC
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