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Money and Banking

by: Junior Yost

Money and Banking ECON 310

Junior Yost
GPA 3.91

Rinaldo Pietrantonio

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Rinaldo Pietrantonio
Class Notes
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This 1 page Class Notes was uploaded by Junior Yost on Monday September 28, 2015. The Class Notes belongs to ECON 310 at George Mason University taught by Rinaldo Pietrantonio in Fall. Since its upload, it has received 4 views. For similar materials see /class/215203/econ-310-george-mason-university in Economcs at George Mason University.

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Date Created: 09/28/15
ECON 310 Chapter 1 Financial Markets are transferred from people who have an excess of available funds to people who have a shortage Wellfunctioning nancial markets are a key factor in producing high economic growth and poorly performing financial markets are one reason that many countries in the world remain desperately poor Security financial instrument is a claim on the issuer s future income or assets financial claim or property A Bond is a debt security that promises to make payments periodically for a specified period of time The bond market is important because of enabling corporations and government to borrow finance their activities and because it is where interest rates are determined risk free An interest rate is the cost of borrowing or the price paid for the rent of funds In a more general level interest rates have an impact on the overall health of the economy because they affect not only consumers willingness to spend or save but also businesses investment decisions lil assets trade money A common stock is a share of ownership in a corporation It is a security that is a claim on the earnings and assets of the corporation Issuing and selling stocks is a way for corporations to raise funds to finance their activities These considerable functuations in stock prices affect size of people39s wealth and as a result may affect their willingness to spend The stock market is important because the price of shares affects the amount of funds that can be raised by selling newly issued stock to finance investment spending The foreign exchange market is where this conversion takes place so it is instrumental in moving funds between countries The foreign exchange rate is the price of one country39s currency in term of another39s A change in exchange rate has direct proportionally on American cosumers Financial intermediaries institutions that borrow funds from people who have saved and in turn make loans to others Banks are financial institutions that accept deposits and make loans such as commercial banks saving and loan associations mutual savings banks and credit unions borrowing short lending long Efrnance is delivering financial services electronically Money money supply is generally accepted in payment for goods or services or in the repayment of debts Aggregate output is total production of goods and services Unemployment rate is the percentage of the available labor force unemployed Business Cyles movement upward downward of aggregate output produced in the economy Recession is periods of declining aggregate output Changes in money might be driving force behind business cycle uctuations Monetary Theory relates changes in the quantity of money to changes in aggregate economic activity and the price level Aggregate Price Level is the average price of goods and services in an economy In ation a continual increase in the price level affects individuals businesses and the government As an important to be solved and it often at the top of the political and policymaking agendas aggregate price level average price of all goods and services provided during a year leClConve1terInpuU de2zbwltxt7162010 120403 AM


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