https://padlet.com/jasongispert8/WhatIsMoney BIG BANK TAKE LITTLE BANK $$$$ en-us 2019-03-20 11:41:44 UTC 2025-10-26 03:55:07 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Rocket.png jasongispert8 https://padlet.com/jasongispert8/WhatIsMoney/wish/343268399 Money is a form of paying for goods, services, and debts. before money there was bartering. money is used in exchange for good and item. Money functions as a medium of exchange, a unit of account and a store of value. the characteristics of money are durability, portability, being divisible, relatively, scarce, uniform, and acceptable.  
pages 1-5]]> 2019-03-20 12:02:00 UTC https://padlet.com/jasongispert8/WhatIsMoney/wish/343268399 jasongispert8 https://padlet.com/jasongispert8/WhatIsMoney/wish/343271178 There are many different type of currency. The different type of money are commodity money, representative money and fiat money. commodity money is an item that has value in and of itself, representative money does not have value on its own. all these different types of money can benefit society. All in all there are different types of money you should know which is commodity money, representative money and fiat money.
pages 6-9  ]]> 2019-03-20 12:09:36 UTC https://padlet.com/jasongispert8/WhatIsMoney/wish/343271178 jasongispert8 https://padlet.com/jasongispert8/WhatIsMoney/wish/343273578 THE MONEY MULTIPLIER 
When money is deposited into a bank, the bank does not hold the money and wait for the account holder to use it. 
Money that is loaned out by a bank is put to productive uses to purchase items like houses, cars, and college, educations.
 
Multi Deposit Expansion- is the process of taking in deposits, withholding a portion in reserve and loaning the rest. This process is critical to financing purchases for both individuals and business. 

* Coinage Act of 1792
* National Bank Act of 1863
* Federal Reserve Act of 1913
* Presidential Executive Order 6102 (1933) and Gold Reserve Act of 1934 
* The Bretton Woods Conference (1944)
*The Nixon Shock (1971)
* Riegle Community Development and Regulatory 
Improvement Act of 1994]]> 2019-03-20 12:15:43 UTC https://padlet.com/jasongispert8/WhatIsMoney/wish/343273578 jasongispert8 https://padlet.com/jasongispert8/WhatIsMoney/wish/343278344 The Federal Reserve system is the central bank of the united states. a central bank of the united states.

 Central bank- is the financial institution charged by the government. 

A way that the federal reserve system impacts money in the united states in through its monetary policy actions. to maintain price stability the federal reserve most often uses open marked operations. 
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