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First street bank - PowerPoint PPT Presentation

Krugman/Wells

14. Money, Banking, and the Federal Reserve System. >>. Krugman/Wells. CHECK YOUR UNDERSTANDING. Check Your Understanding 14-1 Questions 1-3. 1a) The defining characteristic of money is:. fiat. liquidity. commodity-backed.

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Chapter 14

THIRD EDITION ECONOMICS and MACROECONOMICS. Chapter 14. Money, Banking, and the Federal Reserve System. The various roles money plays and the many forms it takes in the economy . How the actions of private banks and the Federal Reserve determine the money supply .

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First street bank - PowerPoint PPT Presentation

Krugman/Wells

Chapter 14