Copyright ©2003 Prentice Hall, Inc. 14 - 1 Chapter 14 Understanding Money and Banking.
Review of the previous lecture 1. Fractional reserve banking creates money because each dollar of reserves generates many dollars of demand deposits. 2.The.
Chapter The Monetary System 16. The Meaning of Money Money – Set of assets in an economy – That people regularly use – To buy goods and services from.
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Civil Liberties WWI: U.S. History Mrs. Janiak. *Anti-Immigrant Hysteria: Hysteria= fear, dislike, resentment, pity, sympathy, sorrow, superiority, disgusted,
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Review of the Previous Lecture Money Supply –100% Reserve Banking –Fractional Reserve banking –A closer Look at Money Creation –A Model of Money Supply.
