Documents Lecture 5 Money, credit and banking in history. Coincidence of wants With coincidence of wants...

Slide 1 Lecture 5 Money, credit and banking in history Slide 2 Coincidence of wants With coincidence of wants barter trades match perfectly. Barter is exchange of, say, wheat…

Documents Bell Ringer See “Money Creation” Video. Money Creation Chapter 33.

Bell Ringer See “Money Creation” Video Money Creation Chapter 33 Goldsmiths and Fractional Reserve Banking Traders used gold to make transactions until they realized…