Download Money

ECONOMICS CHAPTER 10
MONEY AND THE FINANCIAL MARKET
Money for Nothing
Money 10A

Money
1 Chronicles 29:12 and Proverbs 30:8-9
pg 186
 Money: is anything that a society
commonly uses and generally accepts in
payment for goods and services. Thus
anything can serve as money.
 Legal Tender: U.S. Congress declares our
currency to be legal tender, so that if you
tender (or offer) it as payment for a debt,
all creditors must accept it.

Money 10A









Functions of Money (pg187-188)
Means of Payment
Measure of Value
Means of Storing Purchasing Power
Bartering (inefficient) vs. using Money
Desirable Characteristics of Money
Convenience and Portability
Divisibility
Durability
Stability
Money 10A






Money Standards
Commodity money
Full-bodied coin
Token coin
Representative money
Fiat money
Money 10A





Measuring the Money Supply
M-1
M-2
Creation of Money
Fractional Reserve Banking
The Financial Market 10B






The Financial Market
Financial Market
Commercial Banks
History of Banking in the United States
Dual Banking and Regulation
Commercial bank and charter
The Financial Market 10B






Functions of Commercial Banks
Other Financial Institutions: Thrifts
Savings and Loans (S&Ls) pg 199 the
S&L Crisis
Mutual Savings banks
Credit Unions
Contractual Savings Institutions
The Financial Market 10B



Finance Companies
Investment Companies
Personal Finance: Opening and
Maintaining a Transaction Account