Money and Financial Markets
Video below: What $1 Trillion looks like
Read Ch. 10 "Money and the Financial Market"
Functions of money
Money and Banking classroom exercise
Objectives: 1) Simulate a society without money, and demonstrate the problems that occur with trade, 2) Create a bank in the 16th Century and demonstrate how it gets started and how it functions, and 3) Simulate a 16th Century bank with "fractional reserve requirements" and demonstrate how the supply of money grows as a result.
Ch. 10 "Chapter Review" questions #1-10 (10 questions, 100 points)
Respond to the "Money & Banking" questions posted below (10 questions, 100 points)