{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}


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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online