MGMT 1 Lecture Notes - Lecture 15: Term Life Insurance, International Monetary Fund, Federal Deposit Insurance Corporation
18 Apr 2016
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Money vs. barter o o o o o o o o o o o o o o o o o o. Money - anything people generally accept as payment for goods and services. Barter - direct trading of goods and services without the use of money. Stability - not losing it"s purchasing power (inlaion) Money supply - the amount of money that is available to buy goods and services employment. Managed by the fed and impacts: inlaion, economic growth, The fed has pumped huge amounts of money into the economy through quanitaive easing. M1 - coins and paper bills, demand deposits, traveler"s checks. M2 - m1+ savings accounts, money market accounts, mutual funds, M3 - m2+ deposits by insituional investors (like pension funds, insurance companies) European central bank (ecb) - have responsibiliies similar to the fed. Exchange rates - determined by the perceived strength of diferent economies.
