macro-ch16-presentation2剖析.ppt

CHAPTER 16 THE MONETARY SYSTEM In this chapter, look for the answers to these questions: What assets are considered “money”? What are the functions of money? The types of money? What is the Federal Reserve? What role do banks play in the monetary system? How do banks “create money”? How does the Federal Reserve control the money supply? 0 CHAPTER 16 THE MONETARY SYSTEM What Money Is, and Why It’s Important Without money, trade would require barter, the exchange of one good or service for another. Every transaction would require a double coincidence of wants(欲望的双向一致性） – the unlike