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The monetary system in any economy facilitates trade and allows people to trade more efficiently, as compared to a barter economy. In the united states the monetary authority is the federal reserve system what are the requirements for something to be considered money? Why does the dollar have value?
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- Change in the money supplywhat is the similarities and differences between money and currencyThe monetary system in any economy facilitates trade and allows people to trade more efficiently as compared to a barter economy. In the United States, the monetary authority is the Federal Reserve System (also referred to as the Federal Reserve, or informally, as the 'Fred'.) Hence what are the requirements for something to be considered money? Why does the dollar have value?
- Describe a national bank note. Explain what they were, how they were created, and why they served as form of money.Which of the following aren’t counted in the money supply of the US? a.Coins b.Travelers checks c.Commodities d.Debit accounts e. CurrencyWhat backs the U.S. dollar? Include the distinction between commodity money and fiat money in your answer.
