Money and Finance 11.05

Money and Finance 11.05 - 1 Coins 2 Paper Currency Both are...

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Sunday Nov 11: 3-5 / 7-9 pm Remsen 1 Monday Nov 12: 7-9pm Remsen 1 Money and Banking Functions of Money 1. Unit of account 2. Medium of exchange Characteristics of Money i. Widely accepted ii. Divisible, storable, durable, easily identified a. Money economy b. Barter economy: Double coincidence of wants 3. Store of Value Forms of Money
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Unformatted text preview: 1. Coins 2. Paper Currency Both are Currency 3. Demand Deposits 4. Checkable Deposits Both are Checkable Deposits = M1 Balance sheet for a Bank Physical: Assets, Plant. Equipment Financial: Cash, Securities, Reserve Deposits Liabilities: Loans from other banks or Fed Deposits...
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Money and Finance 11.05 - 1 Coins 2 Paper Currency Both are...

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