about_chapter_16_for_quiz_2

about_chapter_16_for_quiz_2 - currency (M0) M1 M2 M3 Which...

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Chapter 16 Topics for quiz 2: money money’s three functions medium of exchange unite of account store of value three types of money commodity money commodity-back money fiat money What is money supply? In this class, what does money supply include? Money supply has different measurements:
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Unformatted text preview: currency (M0) M1 M2 M3 Which has the highest liquidity? Which is most broad? Central banks functions banks reserve required reserve excess reserve How do commercial banks make money? What is T account? (Know how to use T account to record a transaction.)...
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