Lecture 4 - Economics 310 Money Banking Lecture4 Fall2010...

Info icon This preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Economics 310 Money & Banking University of Michigan Fall 2010 Lecture 4
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
2 Lecture 1 General Information Chad’s Office Hours (Lorch M109): Tuesday: 12:00 – 2:00 Wednesday: 2:00 – 6:00 Thursday: 12:00 – 2:00 or by appointment Nathaniel’s Office Hours (Lorch 102): Monday: 3:00 – 4:00 Friday: 12:00 – 1:00
Image of page 2
3 Lecture 1 Measuring money Recall our definition of money: Anything that is widely acceptable as payment for  goods and services and as repayment of debt: E.g., currency, checking deposits, e- payment accounts etc. Vague definition allows different assessments Consider sets of assets that satisfy the definition, but have different degrees of liquidity
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
4 Lecture 1 M1 Currency in circulation Traveler’s checks Demand deposits Other checkable deposits
Image of page 4
5 Lecture 1 M2 M1 Small denomination time deposits Savings deposits and money market deposit accounts Money market mutual fund shares (not held by institutions) i.e. M2 = M1 + other account balances that permit check writing, or that are extremely liquid
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
6 Lecture 1 Comparing money measures
Image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern