Money and Banking
Discover the fundamentals of money and banking, including barter systems, functions for money, types of currency, the role of banks, and money creation in the economy, among other key concepts and cautions.
Introduction to Money and Banking
Barter and the Double Coincidence of Wants
Functions For Money
Commodity Versus Fiat Money
Key Concepts and Summary
Measuring Money: Currency, M1, and M2
Key Concepts and Summary
The Role of Banks
Banks as Financial Intermediaries
A Bank’s Balance Sheet
How Banks Go Bankrupt
Key Concepts and Summary
Money Creation by a Single Bank
The Money Multiplier and a Multi-bank System
Cautions About the Money Multiplier
Money and Banks: Benefits and Dangers
Key Concepts and Summary