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principals-concepts-chap10

principals-concepts-chap10 - Bank reserves Reserve/deposit...

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Chapter 10 ECO 2013 Core Principles Principle of Comparative Advantage - the chapter uses this principle to discuss the efficiency of money compared to barter. Important Concepts ! Money ! Medium of exchange/store of value/unit of account ! Barter ! M1/M2
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Unformatted text preview: ! Bank reserves ! Reserve/deposit ratio ! Fractional and 100% reserve banking ! Federal Reserve System ! Open market operations ! Discount rate ! Reserve requirements ! Bank panic ! Deposit insurance ! Velocity of money ! Quantity equation...
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