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. Britain has the most developed system with the oldest Imperial award for naval long service introduced by King William IV in 1831 The Defence Force Service Awards were established on 20 April 198 2 by Letters Patent providing distinctive Australian 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? . 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. .. Barter. - . is a type of trade in which goods or services are directly exchanged for other goods and/or services, without the use of money.. Commodity . money. . This money takes the form of a commodity with intrinsic value.. 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.. 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 Fed’s Toolbox. Slide 1: Vocabulary. Bank . reserves – . The sum of cash that banks hold in their vaults and the deposits they maintain with Federal Reserve Banks.. Required reserves . –. . La gamme de thé MORPHEE vise toute générations recherchant le sommeil paisible tant désiré et non procuré par tout types de médicaments. Essentiellement composé de feuille de morphine, ce thé vous assurera d’un rétablissement digne d’un voyage sur . 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 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. . Click on the letter choices to test your understanding. Question 1. The . s. tructure of the Federal Reserve includes: . Correct!. The Federal Reserve . is . comprised of a Board of Governors located in Washington, . 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.