Chapter_Eight - Warning The purpose of these lecture notes...

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Warning: The purpose of these lecture notes is just to aid you in studying, and they are not designed to replace the textbook or the lectures. Technical problems with the web site do not absolve you of responsibility for lecture material. If you choose to skip a lecture and rely on the web site lecture notes, you do so at your own risk. For tests and exams you are responsible for all material covered in lecture, including material on the chalkboard and overhead projector. If you missed a lecture, be sure to get the complete lecture notes from another student. Chapter Eight Money, Banking, and the Money Supply Learning Outcomes This chapter explains: Money and the functions of money Modern banking in Canada Competition among banks How banks create money The monetary base, the money multiplier, and the money supply Different measures of the money supply in Canada Money and the Functions of Money The Medium of Exchange Money is the medium of exchange used to make payments. A barter economy has no medium of exchange. Goods trade direct for goods. Money and the Function of Money
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Chapter_Eight - Warning The purpose of these lecture notes...

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