New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

ECON 101

by: Maria Notetaker

ECON 101 ECON 101

Maria Notetaker

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Chapter 14 Notes
Macro Economics
Class Notes
25 ?




Popular in Macro Economics

Popular in Macro Economics

This 3 page Class Notes was uploaded by Maria Notetaker on Thursday September 15, 2016. The Class Notes belongs to ECON 101 at Montclair State University taught by Pirouz in Spring 2015. Since its upload, it has received 3 views. For similar materials see Macro Economics in Macro Economics at Montclair State University.

Similar to ECON 101 at MSU

Popular in Macro Economics


Reviews for ECON 101


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 09/15/16
Ch. 14 - Money, banking and financial institutions Tuesday, April 21, 2015   MONEY:  Medium of exchange: used to buy/sell goods  Unit of account: goods valued in dollars  Store of value: hold some wealth in money form   Money supply  (M1): currency in the hands of the public and checkable deposits (M2): M1 plus near monies, savings deposits including money market deposit accounts  (MMDA), small denominated time deposits, money market mutual funds (MMMF)   Backing the money supply = nothing  Legal tender ­ all that backs money   Acceptability ­ money is going to be accepted and used   Things that impact money:  General prices (acceptability of money becomes shaky if prices rise too much ­ impacts  purchasing power)   FEDERAL RESERVE SYSTEM    12 federal reserve banks o Each federal reserve bank has a president and a VP  Board of governors [14 years for each] o In charge of the biggest central bank in the world  Federal reserve functions: o Issue currency o Set reserve requirements o Lend money to banks o Collect checks o Act as a fiscal agent for US gov. o Supervise banks o Control the money supply  To make the fed effective, you have to keep it independent (away from political  pressures)  Financial crisis of 2007 and 2008 o Securitization: process of slicing up and bundling groups of loans into new  securities  o As loans defaulted, the system collapsed  Major financial institutions in the U.S.:                


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Allison Fischer University of Alabama

"I signed up to be an Elite Notetaker with 2 of my sorority sisters this semester. We just posted our notes weekly and were each making over $600 per month. I LOVE StudySoup!"

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.