massign2 - 1 Money and Banking N Sheflin ASSIGNMENT 2 NOTES...

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1 Money and Banking N. Sheflin ASSIGNMENT 2 NOTES Money and the Payments System - Past, Present and Future KEY POINTS Functions of money, key property, money versus barter, evolution of money and the payments system, money and the financial system, role of financial system, liquidity, money and the economy, READING Croushore chapter 3 and The Future of Money and of Monetary Policy, Lawrence Meyer http://www.federalreserve.gov/boarddocs/speeches/2001/20011205/default.htm (note this was written before Check 21 became law in 2004– see http://www.federalreserve.gov/paymentsystems/check21_faq.htm ) Just read these sections: The Future of Money and of Monetary Policy The Evolution of Money The Payments System Today The Future of Money: The Spread of E-money Conclusion AND Clearing at http://en.wikipedia.org/wiki/Clearing_%28finance%29 AND Automated Clearing House http://en.wikipedia.org/wiki/Automated_Clearing_House (don’t worry about the details) Also look at: Fun facts about money from SF Federal Reserve Bank
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massign2 - 1 Money and Banking N Sheflin ASSIGNMENT 2 NOTES...

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