宏观经济学 Money and the Federal Reserve System 货币及中央储存系统.pptVIP

LOGO Money and the Federal Reserve System Chapter 14 $50 $100 $5 $10 $20 Money—澳元(AUD) ◎正面：英国女王伊丽莎白二世，左边是桉树 ◎背面：澳大利亚国会山， ◎正面：澳大利亚诗人帕特森 　◎背面：澳大利亚诗人吉尔默女爵 ◎正面：澳大利亚女企业家莱蓓 　◎背面：澳大利亚“皇家飞行医生服务”创始人弗林牧师 ◎正面：澳大利亚土著人作家、发明家戴维·乌奈庞 　◎背面：澳大利亚第一位女议员艾蒂丝·科恩 ◎正面：澳大利亚女高音歌唱家梅尔巴 　◎背面：澳大利亚杰出的军事将领莫纳什爵士 Outline The Federal Reserve System Money Money What Makes Money Money Barter Gold = Money = Money - The primary function of money to widely accepted in exchange for goods and services - The function of money to provide a common measurement of the relative value of goods and services - The ability of money to hold value over time Money as a Medium of Exchange Money as a Unit of Account Money as a Store of Value The Three Function of Money Money Are Credit Card Money? First ,because credit cards are widely accepted Second ,the credit card statement,and not the card itself,serves as a unit of account The word credit means receiving money today to buy products in return for a promise to pay in the future.A credit card represents only a prearranged short-term loan up to a certain limit.If the credit card company goes out of business or for any reason decides not to honor your card, it is worthless.Hence,credit cards do not store value and are not money Money-Credit Card Credit card由银行或信用卡公司依照用户的信用度与财力发给持卡人，持卡人持信用卡消费时无须支付现金，待结帐日时再行还款。具有以下特点：不鼓励预存现金，先消费后还款，享有免息缴款期，可自主分期还款（有最低还款额） Other Desirable Properties of Money Liquid Scarcity Portable Divisible Uniform Money 流动性 稀缺性 可分割性 便利性 统一性 M0 = currency M1 = M0 (currency)+traveler’s checks+ checkable deposits M2 = M1+savings deposits+small time deposits of less than $100,000 M3 = M2+large time deposits of $100,000 or more TheThree Money Supply Definitions Money 现金 traveler’s checks（旅行支票） checkable deposits（支票存款） savings deposits（储蓄存款）small time deposits（小定期存款） large time deposits（大额定期存款） Money Money The Federal Reserve System Maintaining and Circulating Currency 控制货币的发行及流通 Supervising and Regulating Banks 监督和规范商业银行 Protect