Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 25.1, Problem 4RQ
To determine

Explain the official measures of money supply.

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While the government prints currency, the rest of our money is created by the banks.How do banks create this new money?
What is Fiat Money?
What is money? What are the functions of money? What items may serve as money? Do you know of any other examples of money that is not currency or coins, in the US or other countries? Does money have to come from a government?
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