Exam (elaborations)
ECO 4223 Money And Banking – Complete Study Set
- Course
- Institution
ECO 4223 Money And Banking – Complete Study Set
[Show more]
Content preview
ECO 4223 Money And Banking – Complete Study Set Six Parts of Finacial System Correct Ans - 1 Money2Finacial Instruments
3 FInacial Markets
4 Finacial Instruments
5 Regulatory Agencies
6 Central Banks
Five Core Principles of Money and Banking Correct Ans - 1. Time has value
2. Risk requires compensation
3. Information is the basis for decisions
4. Markets determine prices and allocate resources
5. Stability improves welfare
Money Correct Ans - Assets that people are generally willing to accept in exchange for goods and services or for payment of debts.
income Correct Ans - flow of earnings per unit of time
wealth Correct Ans - value of assets minus liabilities
three characteristics of money Correct Ans - means of payment, unit of account, store of value
means of payment Correct Ans - overcomes disadvantage of bartering
makes transactions easier
unit of account Correct Ans - a standard of value
used to quote prices
store of value Correct Ans - durable and capable of transferring purchasing power from one day to the next
paper current doesn't degrade but is accepted at face value provide liquidity- ease of which an asset can be turned into payment
market liquidity Correct Ans - ability to sell assets for money
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78600 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now