The Meaning of Money

2/1/2001


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Table of Contents

The Meaning of Money

Three Functions of Money

Medium of Exchange

Unit of Account

Store of Value

Liquidity

The Kinds of Money

Money in the U.S. Economy

Money in the U.S. Economy

Where Is All The Currency?

The Federal Reserve

The Federal Reserve

The Federal Reserve System

The Fed’s Organization

PPT Slide

The Fed’s Organization

The Fed’s Organization

The Federal Reserve System

The Federal Reserve System

The Fed’s Organization

The Fed’s Organization

The Fed’s Organization

Three Primary Functions of the Fed

Open-Market Operations

Open-Market Operations

Banks and The Money Supply

Banks and The Money Supply

Money Creation

Money Creation

Money Creation

Money Creation

Money Creation

The Money Multiplier

The Money Multiplier

PPT Slide

The Money Multiplier

Fed’s Tools of Monetary Control

Open-Market Operations

Changing the Discount Rate

Changing the Discount Rate

Problems in Controlling the Money Supply

Summary

Summary

Summary

Author: Mark P. Karscig

Email: stutes@mnstate.edu

Home Page: web.mnstate.edu/stutes