PPT-Interest Rates I: Money & Banking - ECO 473 - Dr. D. Foster

Interest Rates I Money amp Banking ECO 473 Dr D Foster The Basics What is interest Payment made to savers to compensate them for foregoing consumption The most powerful force in the universe is compound interest. Lecture 14. 1. CS473-Algorithms I. Lecture 15. Graph Searching: . Depth-First Search. and . Topological Sort. CS 473. Lecture 14. 2. Depth-First Search. Graph . G. (. V. ,. E. ) directed or undirected. Lecture 14. 1. CS473-Algorithms I. Lecture 14-A. . Graph Searching: Breadth-First Search. CS 473. Lecture 14. 2. Graph Searching: Breadth-First Search. Graph . G. . . (. V. , . E. ), directed or undirected with adjacency list repres.. Benjamin Graham. Plan for Today. Wrapping up Money. Your papers. Your careers. Lecture 12: Money, Exchange Rates, and Interest Rates Benjamin Graham. Interest Rates and the Money Supply. Course Intro. Algorithms Intro. Pick up a handout from the back table. No in-class Quizzes in 473. By now, you know whether they help you.. Most days, a “handout with fill-ins” instead.. You will not need your computer in class.. 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.. Benjamin Graham. Lecture 12: Money, Exchange Rates, and Interest Rates Benjamin Graham. Housekeeping. New syllabus is posted. 3 Khan academy videos for Friday. 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?. Today’s Plan. Housekeeping. Reading quiz. Money. Lecture 12: Money, Exchange Rates, and Interest Rates Benjamin Graham. Reading Quiz (1). Gresham's Law states:. Interest Rates I: Money & Banking - ECO 473 - Dr. D. Foster The Basics What is interest? Payment made to savers to compensate them for foregoing consumption. “The most powerful force in the universe is compound interest.” The Centre of Planning and Economic Research KEPE was established as a research unit under the title Centre of Economic Research in 1959 Its primary aims were the scientific study of the problems of Make it work for you, or be its slave. There’s no in between. A Few words from J. Reuben Clark . jr.. . Interest never sleeps nor sickens nor dies; it never goes to the hospital; it works on Sundays and holidays; it never takes a vacation; it never visits nor travels . . . it has no love, no sympathy; it is as hard and soulless as a granite cliff. Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands nor orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.”. 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 . Udayan Roy. John Maynard Keynes (1883-1946). The General Theory of Employment, Interest and Money. . (1936). A Treatise on Money . (1930). The Great Depression. The classical or neoclassical theories implied full-employment. . 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..