Introduction to Money and Banking

Introduction to Money and Banking - Econ 4.3 Wednesday...

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Econ 4.3 Wednesday, March 17, 1999 Announcements: Exam #3 has been rescheduled and will be held on Wednesday, April 7th instead of April 2nd as originally scheduled. Free tutoring at 220 Boucke (865-1841). Online Quizzes are up. All homework assignments have been posted on the website. There will be no final exam scheduled during the final exam dates. Lecture notes: Introduction to Money and Banking Measuring GDP GDP = C + I + G + (EX - IM) GDP = PQ GDP = MV Origin of Fractional Reserve Banking Functions of Money Fiat Money Measuring Money Supply Sources of Money Creation Financial Itermediation o Money and Bank Balance Sheets o Money Multiplier Influencing Banking System Reserves Money Creation and Banking System Measuring Money Supply Money suppyl has three major components M1 = currency held by nonbank public and traveler's checks and other checkable deposits in financial institutions M2 = M1 and noncheckable savings, time deposits (less than $100,000)
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  • Spring '99
  • Fox
  • Fractional-reserve banking, excess reserves, actual reserves

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