Lecture Notes on MONEY‚ BANKING‚ AND FINANCIAL MARKETS Peter N. Ireland Department of Economics Boston College irelandp@bc.edu http://www2.bc.edu/~irelandp/ec261.html Chapter 3: What Is Money? 1. Meaning of Money 2. Functions of Money Medium of Exchange Unit of Account Store of Value 3. Measuring Money Theoretical Measures Empirical Measures Federal Reserve’s Monetary Aggregates This chapter begins by defining money in basic terms. It then discusses the various functions of money in the economy
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Noone can deny the importance of money in life. However‚ whether or not it is actually the only thing people are interested in today is much of controversy. Some people believe that money can buy everything when the others assert that it cannot. From my point of view‚ there are a lot of achievements rather than money although I can live without it. Sometimes‚ I wish to be a millionaire who does not have to worry about life with tons of burden. But it seems to be meaningless for me to come in for
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to enjoy your money when you earn it or it is save your money for the future? Use specific reasons and examples to support your opinion Many people spend all of their money when they earn it wastefully‚ but other like to save their money for the future. In my opinion‚ It’s good to enjoy a small amount of money when you earn it and save a larger amount of money for the future. When people earn money‚ they should use a small amount of it to do what they want. They can spend money for entertainment
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Definition: Plastic money is a term that is used predominantly in reference to the hard plastic cards we use every day in place of actual bank notes. They can come in many different forms such as cash cards‚ credit cards‚ debit cards‚ pre-paid cash cards and store cards. Introduction: A slang phrase for credit cards‚ especially when such cards used to make purchases. The "plastic" portion of this term refers to the plastic construction of credit cards‚ as opposed to paper and metal of
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the younger one‚ was blamed for having allegedly stolen the money. The boy was tortured by the priest and the sacristan mayor. Basilio luckily escaped. Points of Note: It is obvious in the way the two boys conversed in this chapter that they were thinking quite maturely for their age. Frequently Asked Questions: Question: Did the priest really lose his money? Answer: Yes‚ he did. But whether it was Crispin who took the money is not clear. This can be deduced from the discussion between
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talk on the topic‚ yes it is “Value of Money”. M oney plays very vital role in our life. Exchaging goods for other goods are now obsolete. With the help of money we can purchase any think we wish. Philoshipicallly speaking with money we cannot by everything but practically it is the basic thing which calculate the status of a person. If we divide the people in 3 category Rich‚ medium and poor than we can say that the poor people understands the value of money more than the other two. In india there
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What is Money? At first sight the answer to this question seems obvious. A man or woman in the street would agree on coins and banknote which could be known as checks‚ for a good or a service but would they accept them from any country? They would probably be less willing to accept them than their own country’s coins and notes but bank money actually accounts for by far the greatest proportion by value of the total supply of money. Credit cards and gold are some what different. The gold standard
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“Money Madness” by D.H. Lawrence is a critical evaluation of the rush after affluences that is visible all around us in this Modern Day World. Money has become a powerful player in societies of today and holds more importance than anything else in the modern day lifestyle. The poet‚ through his pen‚ has tried to exemplify this situation and present the social and moral degradation that such madness for a thing so materialistic renders. The poet says that wherever we look there is madness for money;
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This essay will explore the many strategies used by law enforcement and government agencies that are used to combat money laundering performed by organized crime. I will discuss the effectiveness of certain strategies‚ and show which strategies produce the best results. The definition of money laundering is not clear cut or easily defined but it is commonly described as the handling of criminal profits‚ originating from criminal activities such as the illegal sale or buying of fire arms‚ drug trading
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I thought the movie “Two For The Money” was pretty good even though I‚ myself am not a big sports fan. I was surprised how somebody could change in an instant when given so much money at a young age. The movie itself starts off with a man by the name of Brandon Lang who is played by Matthew McConaughey. Lang used to play College Football who ended up getting hurt due to an injury. Since he couldn’t play he knew the in’s and out’s of Football and the teams. It was almost like he knew what the outcome
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