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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Masters of Money A c ase study Submitted by: Anushri 2012PGP057 Nishanth 2012PGP108 Piyush 2012PGP077 Raghuveer 2012PGP067 Sukhada Vijendra 2012PGP089 2012PGP109 Vikash 2012PGP110 Masters of money Masters of Money is a short TV series produced by BBC about three men whom it referred to as masters of money: Karl Marx‚ Friedrich Hayek and John Maynard Keynes. M asters of Money - P art I – J ohn Keynes The first in the series is about John Maynard Keynes (1883-1946)
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History of money The history of money spans thousands of years. Numismatics is the scientific study of money and its history in all its varied forms. Many items have been used as commodity money such as natural scarce precious metals‚ cowry shells‚ barley‚ beads etc.‚ as well as many other things that are thought of as having value. Modern money (and most ancient money) is essentially a token — in other words‚ an abstraction. Paper currency is perhaps the most common type of physical money today.
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One of the first questions we all get asked in kindergarten‚ is “what do want to be when you grow up?” Now‚ the question is no longer “what do you want to be when you grow up?” because now that we are the brink of adulthood‚ the question has changed to “what to you want to do for the rest of your life?” This is a very intimidating question for anyone. Deciding what you want to major in at college is a life altering decision every incoming college student must face‚ and I have decided to become a
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Money Management There are times when individuals feel that all of their money goes to paying off debts. We have credit card payments‚ car payments‚ and mortgage payments. Having too many debts can sometimes be overwhelming. While some bills are unavoidable‚ such as mortgage payments‚ most bills can be avoided by utilizing better money management skills. Poor money management is the third leading cause of debt (Bucci‚ 2005). Developing a monthly spending plan is one of the most important steps
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Is Money a Motivator? There are countless articles circulating today instructing managers on how to motivate their employees. Some theories state that all workers are motivated primarily by the need for money; so if you want to get the most out of your workforce‚ you pay them more. So‚ is money a motivator? Motivation is the encouragement to do something.(1) There are short term motivators and there are long term motivators. There are also different levels and sides to motivation. In this
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THE HISTORY OF MONEY [A] The yen‚ the dollar‚ the quetzal‚ or the peso—no matter what the currency is called‚ money is an important part of life in nearly every culture today and has been throughout history. The concept of money dates back thousands of years. Originally‚ money was not metal coins or paper bills. Rather‚ people paid for things with objects that were useful and therefore considered valuable. We sometimes call this commodity money. Some examples of commodity money used throughout
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Wed 4 Aug 2010 MARK922 Marketing Management Lecture Week 2 – Ms Leanne Brereton Chapter 2 Strategic Marketing and Planning Chapter 15 Ethics and Marketing Compliance Slides developed by L. Brereton based on Kotler‚ P. Adam‚ S. Denize‚ S. and Armstrong‚ G. (2009) Wed 4 Aug 2010 MARK922 Strategic Marketing and Planning Learning Objectives 1. Explain strategic planning. 2. Describe the marketing management and planning process. 3. 3 Identify the sections of a marketing plan and specify the
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Satires in Medieval Times. In Geoffrey Chaucer’s The Canterbury Tales‚ he uses satire to poke fun in order to show flaws and encourage change. The Squire‚ a military fool‚ the Friar‚ a church shame‚ and the Merchant‚ the town idiot‚ are all being satarized in his work. In society there are models in which we all want to be like‚ from long ago even in our modern societies. The Squire‚ the son of a knight‚ does not possess the traits of a knight. He does not uphold the
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MONEY AND CREDIT Double coincidence of wants is an essential feature When both parties have to agree to sell and buy each others commodities. This is known as double coincidence of wants. What a person desires to sell is exactly what the other wishes to buy. A barter system has deficiencies. 1. Barter exchanges become extremely difficult in a large economy because of the high costs people would have to incur looking for suitable
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