PPT-Money and the Banking System

Money and the Banking System What Is Money What is Money Money is whatever is generally accepted in exchange for goods and services accepted not as an object to be consumed but as an object that. Jacky . Mallett. jmallett@ieee.org. Fractional Reserve Banking. Quantity of Loans banks make is a function of their deposits.. Physical money is deposited at banks. Loans create additional bank deposits (money). 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. McGraw-Hill/Irwin. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Money is anything that is generally acceptable in exchange for goods, services, economic resources, or for the settlement of debts. 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 . OF BANKING. 1.1. Introduction to Banking. 1.2 . Role of Banks in the Economy. 1.3 . How the Banking System Works. 1.4 . Other Financial Institutions. 1. Slide. . 2. Lesson 1.1. INTRODUCTION. TO BANKING. 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.. of regulating the money supply in order to meet changes in money demand without creating bubbles The most interesting aspect of this literature is the idea that monetary systems are evolutionary and i Tim . Slaybaugh. Cyber Incident Analyst. “. Vawtrak. is one of the most dangerous pieces of financial stealing malware detected…”. - . Heimdal. Security. Neverquest. Aka. . Vawtrak. or . Prepared by-. Mrs Anindita Chakravarty. Assistant Professor( Dept of Economics) . Silapathar College. Dear students, in this PPT we will focus on the meaning of money and its evolution. However students, even though some of the traditional and tribal communities practice barter even today, but there are certain drawbacks of the system that needs to be highlighted. 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 . Dive into the world of money and banking with this comprehensive guide. Learn about fundamental concepts, common questions, and how money shapes the economy.