PPT-Money and the Federal Reserve

30 Previously Fiscal policy U se of government spending G and taxes to influence the economy I ncreases in G and tax cuts are paid for by borrowing Fiscal policy is not perfect because of lags crowding out and savings adjustments. What is the difference between . arbitration. and . mediation. when a third party is involved in contract disputes?. What is the difference between a strike and a lockout?. Why is money important and/or useful to you? . 11/3/14 . http://mrmilewski.com. OBJECTIVE. : . Demonstrate mastery of Ch#14, 27, &29. . . AP Macro-II.B. Language objective. : . Write about macroeconomics.. . I. . Test#3. . -test on Ch#14, 27, & 29. A History and Analysis. Caldwell Zimmerman. Matthew Bowler. “Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”. 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. History of the Federal Reserve System. Presented by S. Cox. Objectives. Describe the first two central banks in the US. Explore the problems caused by the lack of a central bank. Explain how the Federal Reserve System solved the nation’s financial problems. Chapter 4. Federal Reserve. Central bank of US. Founded by Congress under Federal Reserve Act, 1913. Independent . Decisions do not have to be ratified by President or any executive branch of US govt.. Chapter 11. Central Banking. Objectives:. List the three creators of money in the U.S.. Explain why the Federal Reserve System was organized. Describe the supervisory bodies of the Federal Reserve. Explain the necessity of the Federal Reserve. 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 . The opinions expressed are solely those of the presenters and do not reflect the opinions of the Federal Reserve Bank of Dallas or the Federal Reserve System. . A History of Financial Panics. Financial panics are a part of United States history. The opinions expressed are solely those of the presenters and do not reflect the opinions of the Federal Reserve Bank of Dallas or the Federal Reserve System. . A History of Financial Panics. Financial panics are a part of United States history. : What is money (what is the economic definition of money)?. Answer. : Economists define money as anything . generally. accepted in exchange for commodities and in repayment of debt. For this reason, economists call money a ‘medium of exchange.’. l. Build up to the Crash. there were warning signs. Spring 1929- Markets (stocks) were jittery- world wide. March- Dow Jones drops but stabilizes (what is the Dow Jones Industrial Average? . Dow Jones. Money: Everyday Economics. , go to:. https://cvent.me/eXo5zG. The opinions expressed are solely those of the presenters and do not reflect the opinions of the Federal Reserve Bank of Dallas or the Federal Reserve System. . Table 27.1 A Simplified Balance Sheet of the Federal Reserve. Table 27.2 An Open Market Purchase of Government Bonds by the Fed. Table 27.3 A Loan by ABC Bank Becomes a Deposit in XYZ Bank. Figure 27.1a The Market for Federal Funds.