【PPT精品课件】货币金融学7版英文课件--3-大学课件20.pptVIP

Chapter 3 What Is Money? Meaning and Function of Money Economist’s Meaning of Money 1. Anything that is generally accepted in payment for goods and services 2. Not the same as wealth or income Functions of Money 1. Medium of exchange 2. Unit of account 3. Store of value Evolution of Payments System 1. Precious metals like gold and silver 2. Paper currency (fiat money) 3. Checks 4. Electronic means of payment 5. Electronic money: Debit cards, Stored-value cards, Smart cards, E-cash Bank of Canada’s Monetary Aggregates Growth Rates of the Bank’s Monetary Aggregates ? 2005 Pearson Education Can