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ESI Unit 4 Lesson 4 - Money and Banks Flashcards | Quizlet

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Start studying ESI Unit 4 Lesson 4 - Money and Banks. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

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1. The definition and functions of money

2. The various roles money plays and the many forms it takes in the economy

3. How the amount of money in the economy is measured

4. Why a dollar today is worth more than a dollar a year from now

5. How the concept of present value can help you make decisions when costs or benefits come in the future

6. The role of banks in the economy

7. The reasons for and types of banking regulation

8. How banks create money

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4/12/2013 6:18PM

Bitcoin is attracting attention as a wildly volatile, all-digital currency. How does it work? How are criminals taking advantage of it? How risky an investment is it? In this Bitcoin explainer, WSJ's Jason Bellini has "The Short Answer."

Transcript

This transcript has been automatically generated and may not be 100% accurate.

I ... it's a big corn ... it's an invisible brochure for currency one analyst calls gold the phone works ... how's it like gold ... well my goal no central bank controls its so governments can just print the form is more of the Currency ... building on the gold medal for ... the coins are mine and set of shovels ... miners whose powerful computers to solve complex math problems when they succeed ... they unearthed more Bitcoins are there an unlimited number that you know this crater Bitcoin with twenty one million Bitcoins in before school ground ... since two thousand I nearly half of them eleven million ... had been mind and put into circulation ... with each new batch of course the founder of ... the program's code automatically makes it harder to solve the next problem ... thus hiding out the spot ... can you buy real things using Bitcoins there's a growing list of online merchants that accepting them ... including a site called hit me that's like the Bay of Bitcoins ... a few brick and mortars take them collectors bar in Berlin ... before also maintain their own physical virtues of the electronic Bitcoins ... making it kind of prepaid catch ... the best of the news on the arms marketplace drivers are silk Road ... and farther peer to peer transactions that are completely anonymous Kudu choir Bitcoins ... most populous from the Japanese site now talks which acts as an exchange because of connection your bank account ... can for real dollars into Bitcoins ... and Storer points in the digital wallet how widely adopted is the Bitcoin likely to be calm ... to say is on volatile high risk currency market to sell someone who bought Bitcoins for two and thirty seven dollars one day ... we see them drop in value around eighty five bucks the next ... then there's the possibility of government stepping in ... clinical Oshkosh Otto tax free currency ... has become popular with our laws ... hackers can steal from your digital wallet ... and transactions are uninsured and told leader of ocean ... the only thing the kids Bitcoins their value ... is people believing they have value ... short same is true of goal but with gold you can make a watch ... that's the short answer ...

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4/12/2013 6:18PM Bitcoin is attracting attention as a wildly volatile, all-digital currency. How does it work? How are criminals taking advantage of it? How risky an investment is it? In this Bitcoin explainer, WSJ's Jason Bellini has "The Short Answer." Transcript This transcript has been automatically generated and may not be 100% accurate.

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Baffled by Bitcoin? How Cryptocurrency Works

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From Bitcoin to Litecoin to Ethereum, we explain how cryptocurrency transactions work.

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How Banks Create Money and the Money Multiplier- Macro 4.8.mp4

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Card Deck Game to Demonstrate Double Coincidence of Wants

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Card Deck Game to Demonstrate Double Coincidence of Wants

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Students collect 5-7 cards of the same number after receiving a random set of 5-7 cards. Demonstrates the weaknesses of a barter economy (double coincidence of wants) and how inefficient it is. Money used as a medium of exchange is a solution to the problem. Money can also serve as a unit of account and a store of value.

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100 noodles; bank deposit slips to recognize money put into the bank. Now money is lent out by the bank, in the form of either noodles or bank deposit receipts. Lesson: banks alter the money supply by lending out deposits.

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A quote from The Restaurant at the End of the Universe

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Douglas Adams - 'If, [the management consultant] said tersely, "we could for a moment move on to the subject of fiscal policy. . .""Fiscal policy! w...

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Solution Banks & Money Supply Practice.docx