Macroeconomics
Macroeconomics
3 years ago
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Untitleddocument11.pdf
Untitleddocument10.pdf
Untitleddocument11.pdf
Untitleddocument10.pdf
1. What are the inherent disadvantages of a barter system ? 2. Calculate M1 and M2 using details from the table given below.
Value (in millions)
Currency $75
Checkable deposits 25
Traveler's checks 10
Savings deposits 125
Small-denomination time deposits 75
money market mutual fund shares 50
3. List and describe the four functions of money. 4. In an essay no less than 300 words, describe how banks can create money.