1.Money2. Money: Money was not used in the early historyExchange were very few as family's were self-sufficientExchanges were done by BARTER ( i.e exchange…

MBA MACROECONOMICS LECTURER: JACK WU The Monetary System Money Money is the set of assets in an economy that people regularly use to buy goods and services from other people.…

Principles of Macroeconomics Money and Banking Money Money = any item that is generally accepted as a means of payment for goods and services Common functions of money: medium…

THE MONETARY SYSTEM ETP Economics 102 Jack Wu AMERICAN QE POLICY What is QE (Quantitative Easing)? How can QE policy work? MONEY Money is the set of assets in an economy…

The Monetary System The Meaning of Money Money is the set of assets in the economy that people regularly use to buy goods and services from other people. Three Functions…

Principles of Economics Session 12 Topics To Be Covered Definition of Money Categories of Money The Federal Reserve System Money Multiplier Supply and Demand for Money Equilibrium…

Chapter 15 Money, Banking, and Central Banking Introduction Learning Objectives Define the fundamental functions of money Identify key properties that any goods that function…

* Chapter 5 Money and the Federal Reserve These slides supplement the textbook, but should not replace reading the textbook * What is barter? The practice of trading one…

Study Guide Chapters 19-22 What 2 factors can cause GDP per capita to increase? Output per worker increases or share of population employed increases What 6 factors determine…

ETP Economics 102 Jack Wu Money is the set of assets in an economy that people regularly use to buy goods and services from other people. Money has three functions in the…