Today we start to study the uses of money and the effects of money creation. You may read the text chapter identified below in the homework section and watch the related videos for help in understanding this material. This page contains all the information you need for today's class. Use the table of contents on the right to help you navigate.
None. But you may read Mankiw (Chapter 29) and watch the following videos to help you understand this material, if you wish.
Problem of the Day: Not today!
Lecture: The Functions of Money and Money Creation in a Fractional Reserve Banking System
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