lecture9 - Agenda What Is Money The Asset Market Money and...

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1 9-1 The Asset Market, Money, and Prices, Part 1 9-2 Agenda What Is Money? Portfolio Allocation & the Demand for Assets The Demand for Money 9-3 What Is Money? Money is any asset that is widely used and accepted as payment. 9-4 What Is Money? The three functions of money: ¾ Medium of exchange . Money is used to make (and finalize) transactions. ¾ Unit of account. The basic unit for measuring economic value. ¾ Store of value. Money can be used to hold wealth.
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