Lec # 01 Money and Banking
1 Objective – Students will be able to answer questions regarding money. SECTION 1 Chapter 13- Money © 2001 by Prentice Hall, Inc.
Money!!!!. MONEY DEFINED Money is anything that can be used as: A medium of exchange A store of value A unit of account / Standard of Value
Mr. Gerdes Macroeconomics Money: Definitions, Measures, Time Value + Introduction to Quantity Theory.
Macroeconomics
