What is money?

What is money? Ms. Ross As adapted from Federal Reserve Workshop

“ Money is what money does .”

Why did money develop? ,[object Object],[object Object],[object Object],[object Object]

Functions of Money ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Functions of Money ,[object Object],[object Object]

Characteristics of “Good” Money ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Money Definitions ,[object Object],[object Object],[object Object]

M1 – Money Definition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

More on Components of M1 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

More on Components of M1 ,[object Object],[object Object],[object Object],[object Object]

M2 – Money Definition ,[object Object],[object Object],[object Object],[object Object],[object Object]

M3 – Money Definition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Commodity Money ,[object Object],[object Object],[object Object]

Fiat Money ,[object Object],[object Object]

Legal Tender ,[object Object],[object Object],[object Object]

MV=PQ ,[object Object],[object Object],[object Object],[object Object]

Money and Prices ,[object Object],[object Object],[object Object]

Money and Prices ,[object Object],[object Object],[object Object],[object Object]

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