Demand of Money. EVOLUTION OF MONEY Money was developed according to needs & Requirements. Main aim was to remove the shortcomings of the Barter System.
HISTORY OF MONEY Mrs. Eskra. OBJECTIVES: What will you learn? The three functions of money: – Medium of exchange – Store of value – Unit of account The.
The Money Supply
1. a Brief History of Money
CH25B
Lec # 01 Money and Banking
Asset Markets Let’s take a closer look at this market. Money Market Financial MarketBond Market Equities Market.
1 of 33 PART V The Core of Macroeconomic Theory © 2012 Pearson Education CHAPTER OUTLINE 25 The Money Supply and the Federal Reserve System An Overview.
Equilibrium Income Keynesian Approach: AE d determines Y (income/output) produced Can there be limitations to this link? YES because interest rates and/or.
1 of 47 PART III The Core of Macroeconomic Theory © 2012 Pearson Education, Inc. Publishing as Prentice Hall Prepared by: Fernando Quijano & Shelly Tefft.
CHAPTER OUTLINE An Overview of Money What Is Money? Commodity and Fiat Monies Measuring the Supply of Money The Private Banking System How Banks Create.
THE MONEY SUPPLY Chapter 22 1. AN OVERVIEW OF MONEY WHAT IS MONEY? Money is anything that is generally accepted as a medium of exchange A Means of Payment,
