The document provides an overview of money, banking, and financial institutions. It discusses the functions of money as a medium of exchange, unit of account, and store of value. It describes the components of the money supply, including M1 and M2 aggregates. It also outlines the organizational structure of the Federal Reserve System, including the regional Federal Reserve banks, Board of Governors, and Federal Open Market Committee. Additionally, it discusses the Federal Reserve's functions and independence, and provides context on the financial crisis of 2007-2008.
concepts of NATIONAL INCOME, GROSS DOMESTIC PRODUCT, GNP. NET INCOME, PER CAPTA INCOME, CALCULATION OF NATIONAL INCOME AT CURRENT RATE & CONSTANT RATE, IMPORTANCE OF ESTIMATION, PROBLEMS IN ESTIMATION, CURRENT INDIAN GDP, INDIAN ECONOMIC STATUS.
Measuring a nations Income
GDP
Real GDP
Nominal GDP
Circular Flow Diagram
Components of GDP
The GDP Deflator
Why Do We Care About GDP?
GDP Does Not Value:
concepts of NATIONAL INCOME, GROSS DOMESTIC PRODUCT, GNP. NET INCOME, PER CAPTA INCOME, CALCULATION OF NATIONAL INCOME AT CURRENT RATE & CONSTANT RATE, IMPORTANCE OF ESTIMATION, PROBLEMS IN ESTIMATION, CURRENT INDIAN GDP, INDIAN ECONOMIC STATUS.
Measuring a nations Income
GDP
Real GDP
Nominal GDP
Circular Flow Diagram
Components of GDP
The GDP Deflator
Why Do We Care About GDP?
GDP Does Not Value:
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
3. Money
• Money: Anything that is generally accepted in payment for
goods or services or in the repayment of debt
• Important!! Term “money” defined in Economics is different
from commonly used word “money” in everyday conversation!
13-3
4. Example of Money
So, what can you use for payment at Wal-Mart, McDonald’s, and gas station?
• Currency (cash) including coins and bills
• Cash is an asset. If you have $20 bill, you can spend up to $20 worth of goods and
services (e.g. gasoline).
• Check & debit card (electronic version of check)
• A check is a means of payment, but it is worthless piece of paper unless you write a
payment and sign it.
• Can you write $23,770 check at Toyota dealer to purchase Prius? Yes, only if you
have that amount at your bank.
• You can write a check up to an amount in your checking account without bouncing
your check.
• Your checking account balance is money, not check itself.
• Credit card? Not really. Money must be an asset, not liability for holder.
13-4
5. U.S. Dollar Bills
• In modern U.S. economy we use dollar bills and coins as medium of
exchange.
• Dollar bills are called “Federal Reserve Note” because they are IOU
(note payable) issued by the Federal Reserve Banks. They are
assets for holders (households, firms, governments, and foreigners)
of IOUs, but liabilities for issuers (the Federal Reserves) of IOUs.
13-5
6. Money and Generally Accepted
• Money must be generally accepted by definition.
• In modern U.S. economy we use worthless paper money rather
than valuable commodity.
• We accept worthless paper money because we expect they are
accepted by others.
• If no one accepts money, money will seize its primary function in an
economy.
• The government guarantees its general acceptance by making it
“legal tender”.
13-6
7. Functions of Money
Money has three primary functions in any economy.
• Medium of Exchange
• Anything used to pay for goods and services
• Unit of Account
• Anything used to measure value in economy
• Store of Value
• A repository of purchasing power over time
LO34.1 34-7
8. Money as Medium of Exchange
• Monetary exchange: Exchange of goods through money
Ex. You have fish and want a loaf of bread.
(You) Fish Money (???) Bread (???)
• Since money comes between two goods in exchange, it is a
medium of exchange.
• Money increases efficiency in economy: Even though this
involves two exchanges, actually it will take less time for
exchanges. So, people can spend more time for production of
goods and services rather than exchange.
• Although we use paper and coins as money, any commodity can
serve as money in society. Example: Yap stone money, American
Indian Wampum. 13-8
9. Money as Unit of Account
• In the U.S. a value (price) of every good and service is
quoted in dollars and cents.
• By using “dollar and cent” as a standard unit of value, we can
easily compare value of one good with others.
• Ex. How much is a Big Mac? Around $2.19. How much is a
cheeseburger? About 99¢. So, you know which is more
valuable.
13-9
10. Money As Store of Value
• Money can keep its purchasing power over time.
• When you receive your paycheck, you do not need to spend
every dollar right at that moment. You can keep it in bank
account or cash on hand, and spend it later.
• Money is not unique in this function. There are many assets
which can serve as store of value.
• Example: stocks, bonds, bank accounts, Baseball cards
• Liquidity: the ease with which an asset can be converted
into medium of exchange (money)
• Money is the most liquid store of value.
13-10
11. Measuring Money Supply
• Money supply (Money aggregate): Amount of money in
economy
• M1 includes items used for medium of exchange:
• Currency (bills and coins)
• Checkable deposits
• Financial institutions offering checkable deposits
• Commercial banks
• Savings and loan associations
• Mutual savings banks
• Credit unions 13-11
Thrift Institutions
12. Money Definition M2
• M2 include items which can be converted to medium
of exchange very quickly (high liquidity)
• M1 plus near-monies.
• Savings deposits including money market deposit
accounts (MMDA).
• Small-denominated time deposits (CDs).
• Money market mutual funds (MMMF).
LO34.2 34-12
13. Components of Money Supplies M1 and M2
Source: Board of Governors of the Federal Reserve System.
LO34.2
34-13
• For M1, little less than
half is currency, and other
half is checkable deposits.
• For M2, majority
is saving and
MM deposits.
14. Money and Prices
• Prices affect purchasing power of money.
• Purchasing Power: Amount of goods and services
money can purchase.
• Hyperinflation renders money unacceptable.
• When there are too many money in public, prices of goods
increase and a purchasing power of money falls.
• Stabilizing money’s purchasing power:
• Intelligent management of the money supply—
monetary policy
LO34.3
34-14
15. Functions of Central Bank
• Each country has one central bank which is responsible for
• Conducting monetary policy.
• Regulating an amount of money supply in economy.
• Supervising banks.
• In the United States, the federal reserve system (the Fed) acts as
the central bank.
• The federal government have attempted to establish a single central
bank twice, but due to fear of concentration of economic and monetary
power, the Congress abolished such institutions.
• In 1931 the Congress established the twelve regional Federal Reserve
banks. 13-15
16. Organizational Structure of the Federal
Reserve System
Three main organizational components of the Federal Reserve
System:
• Regional Federal Reserve banks
• Board of Governors
• Federal Open Market Committee
LO34.4
34-16
18. Regional Federal Reserve Banks
• The U.S. is divided into twelve Federal Reserve districts.
• Each district has one Federal Reserve bank.
• Ex. Federal Reserve Bank of Richmond covers states of Maryland,
Virginia, North Carolina, and South Carolina.
• By dividing into twelve districts, no one Federal Reserve bank can
dominate in the U.S. economy.
• Regional Federal Reserve banks act like “bankers’ bank”
• Clearing checks
• Hold deposits of banks as reserves
• Setting a discount rate and making discount loans to banks in their districts
• Issuing new currency and withdrawing damaged currency
13-18
19. The 12 Federal Reserve Districts
Source: Federal Reserve Bulletin, Board of Governors of the Federal
Reserve System.
LO34.4
34-19
20. U.S. Dollar Bills
• U.S. dollar bills are issued by the Federal Reserve banks.
13-20
Emblem of the Federal
Reserve System
“Federal Reserve Note” means
IOU (note payable) issued by
the Federal Reserve System.
Federal Reserve Bank of
San Francisco issued
this note.
21. Member Banks and Other Depository Institutions
• All national banks are required to be members of the Federal
Reserve System.
• Currently, about 38% of the commercial banks are members of
the Federal Reserve System.
• Member banks are stockholders of the regional Federal reserve
bank.
• Depository Institutions Deregulation and Monetary Control Act of
1980 requires all depository institutions (member and
nonmember banks) to hold required reserves.
• 4,600 commercial banks + 7,000 thrift institutions 13-21
22. Global Perspective 34.1
Source: "The World's Largest Public Companies 2018," Forbes.
LO34.4
THE WORLD’S 12 LARGEST FINANCIAL INSTITUTIONS, 2018
34-22
23. Board of Governors
• The Board of Governors acts like the headquarter of the Federal
Reserve System.
• Located in Washington, D.C.
• Seven members of the Board of Governors are appointed by the president of
the United States and confirmed by the Senate.
• Each member serves for nonrenewable 14-year term and comes from
different districts.
• The chairman of the Board of Governors is chosen from the seven governors.
• Serves for renewable four-year term.
• Acts like the CEO of the Federal Reserve System.
• Jerome Powell is the current chairman.
13-23
24. Federal Open Market Committee
• The Federal Open Market Committee (FOMC)
• Makes decisions on monetary policy.
• the conduct of open market operations
• setting a target rate on federal funds
• Meets eight times a year
• Consists of twelve members: the seven members of the Board of
Governors, the president of the Federal Reserve Bank of New
York, and the presidents of four other Federal Reserve banks.
• Directed by the chairman of the Board of Governors
13-24
25. Functions of Federal Reserve
• Issue currency (Regional Federal Reserve banks)
• Set reserve requirements (Board of Governors)
• Lend money to banks (Regional Federal Reserve banks)
• Collect checks (Regional Federal Reserve banks)
• Act as a fiscal agent for U.S. government (Board of
Governors)
• Supervise banks (Regional Federal Reserve banks & Board of
Governors)
• Control the money supply (FOMC)
LO34.5
34-25
26. Federal Reserve Independence
• Established by Congress as an independent agency
• It is not a part of the federal government.
• Protects the Fed from political pressures
• Long-term appointment of Board of Governors reduces
influence of any U.S. presidents
• Enables the Fed to take actions to increase interest
rates in order to stem inflation as needed
LO34.5
34-26
28. The Financial Crisis of 2007 and 2008
• Mortgage Default Crisis
• Many causes:
• Government programs that encouraged home
ownership
• Declining real estate values
• Bad incentives provided by mortgage-backed securities
LO34.6
34-28
29. Securitization
• Securitization: The process of slicing up and bundling groups of
loans into new securities (mortgage backed securities).
• Loan repayments are used to service mortgage-backed security holders
(paying interests and principals)
• “Underwater” homeowners abandoned homes and mortgages.
• Many borrowers are risky borrowers with low or no credit (subprime
loans).
• As mortgage loans defaulted, the system collapsed.
• Since without loan repayments mortgage-backed securities will default.
LO34.6
34-29
30. TARP
• Troubled Asset Relief Program (TARP):
• Allocated $700 billion to make emergency loans
• Used to purchase risky mortgage-backed securities held by
financial institutions.
• Saved several institutions from failure
• Example: Citi Group, GM, Fannie Mae
• Federal Reserve as Lender of last resort
• When large financial institutions are about to go bankrupted,
no one can lend to save those institutions, but the Federal
Reserves.LO34.6
34-30
31. Post-Crisis Policy Changes
• Wall Street Reform and Consumer Protection Act
• Designed to prevent practices thought to have
caused the financial crisis
• Mitigate moral hazard problem
LO34.6
34-31
32. The Last Word: Too Big to Fail. Too Big to Jail?
•Fed had to act as lender of last resort for both
solvent and insolvent firms
•Increased moral hazard
34-32