PPT-Chapter 10 Money and Banking

Chapter 10 Section 1 Money is anything that serves as a medium of exchange a unit of account and a store of value What is Money 1 Medium of exchange anything that is used to determine value during the exchange of goods and . Understanding Money, Banking, and Credit . 18 | . 1. Learning Objectives. Identify the functions and characteristics . of money. Summarize how the Federal Reserve System regulates the money supply in order to maintain a healthy economy. Let’s look at some of the services offered by banks…. Savings Account. : Pays interest, has no maturity date, and from which funds can be withdrawn at any time without penalty.. Checking Account. By: Nathan . Arey. , Jacob Smith, James Hansen, and Collin . Deathrige. Mission Statement . “We put our money where our mouth is, and so should you!” . Main Goals and Objectives:. To protect our customers money. . 1791: The First Bank of the US was established to hold the government’s $$, help the government to tax, regulate commerce, and issue a single currency. 1861: The Second Bank of the US was established to restore stability and order to the monetary system.. When the US was first established it had no reliable banking . system. The history of money in the . US was . closely tied to the development of the nation’s banking . system. Instability in the banking system has contributed to business . Functions of Money . Medium of exchange. Used to buy and sell goods. Unit of account. Goods valued in dollars. Store of value. Hold some wealth in money form. Money is liquid. LO1. Money Definition . Chapter . 20. The Money Supply . and Banking . Systems. Copyright © 2017, . 2015, 2013 Pearson . Education, Inc. All Rights . Reserved. Learning Objectives . (1 of 2). 20.1 . List the four financial functions of money, and define two key measures of the money supply.. Money: . http://. www.econedlink.org/interactives/index.php?iid=189&type=educator. the Fed: . http://www.stlouisfed.org/education_resources/in-plain-english-video/. What Makes Money Important?. LESSON 1 REVIEW QUESTIONS. 1. . WHAT IS THE MAIN THING INVESTMENT BANKS DO?. 2. . WHAT ARE THE 7 MAJOR FUNCTIONS OF INVESTMENT BANKS?. 3. WHAT ARE THE 3 AREAS OF EMPLOYMENT – JOB FUNCTIONS?. LESSON 1 INTRODUCTION REVIEW (. The 1st Bank. Conflicting viewpoints: Hamilton (Sec. of the Treasury) vs. Jefferson. central bank vs. a decentralized banking system. Congress est. the First Bank of the U.S. in 1791, and grants it a 20 year charter. A . product structure to consider.. Khalfan. . Abdallah. -MBA, AFIIBI, CIFE.. Manager Product Development and Shari’ah Compliance –Gulf African Bank. . Main Points.. . Mobile Banking and Mobile Money-An Outlook.. Tim . Slaybaugh. Cyber Incident Analyst. “. Vawtrak. is one of the most dangerous pieces of financial stealing malware detected…”. - . Heimdal. Security. Neverquest. Aka. . Vawtrak. or . Pramod. Kumar. Safe in the temple: 18th century BC. In early civilizations a temple is considered the safest place; . It is a solid building, constantly attended, with a sacred character which itself may deter thieves.. Dive into the world of money and banking with this comprehensive guide. Learn about fundamental concepts, common questions, and how money shapes the economy.