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FN 3201 Fall 2008 Lecture outline 1

FN 3201 Fall 2008 Lecture outline 1 - III Specie Money to...

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FN 3201 Money and Banking Lecture -1 Introduction I Barter Exchange a) Double coincidence of wants b) Price information II Commodity money a) divisible b) uniform quality c) storable and durable d) compact
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Unformatted text preview: III Specie Money to Specie Standard Money IV Currency a) Full bodies paper b) Partial backed paper c) Fiat paper V Bank deposits and Fiduciary Money VI Velocity of Money...
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