ECO-104 Lecture : Ch14 Money Banking And The Federal Reserve System
27 Apr 2022
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Currency in circulation is cash held by the public. Deposits ) are bank account on which people. What is money : me e- ! Can easily used to purchase a / 5. Is the total value of financial assets in the economy that are considered money (cid:8869) i. arrow def. Considers only the most liquid a sets to. E :p 5. " i. t (cid:8869) broad definition includes narrow definition and " almost " checkable assets such as savings. Account deposits that can easily be transfer -cd into checking accounts. No: medium of exchange ] note cards , a unit of account, a store of value. Is not a stable sourie of medium of exchange value. Is something people accept as payment for gls. Individuals acquire for trading rather than for their. Unit of account : money provides yardstick for measuring and. Comparing values of variety of g / s.
