ECON 2030 Chapter : Menu 15 Apr 15 1
Document Summary
Today"s menu: wednesday 15 april 2015: business, practice problems, chapter 29: 1-7, 14-16, third exam: next time. Money loses its value at the rate of inflation (2-2. 5% annual rate) Currency and coin us gov"t issues coin, central. Demand deposit account balances balance is a. Liquidity = opportunity cost (monetary of non-monetary) of. These first four are the m1 money supply (most. Other checkable deposit account balances interest- Traveler"s check issued by bank bearing checking account liquid in society) Savings account balances privately created money issued by private banks certificate of deposit; issued by bank bearing checking account; from commercial bank. Money-instant money market mutual fund shares not issued by banks but by non-bank intermediates; money created in the private sector. All 8 assets consist of m2; more broad. M2 = m1 + stuff : m2 secondary definition of money. Money market account balances works as interest-
