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Money and Banking


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IN THIS CHAPTER YOU WILL LEARN:

  1. About the functions of money and the components of the U.S. money supply.


  2. What "backs" the money supply, making us willing to accept it as payment.


  3. The makeup of the Federal Reserve and the U.S. banking system.


  4. The functions and responsibilities of the Federal Reserve.










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McConnell Economics 18/e OLCOnline Learning Center

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