Unit 3: Macroeconomic Policy

Lesson 14a: Monetary Policy - Money, The Money Market Model, and the Fed

Key Terms

 

Key Terms Flash Cards - Click Here

Key Terms:

barter, coincidence of wants, money, medium of exchange, unit of account, store of value, commodity money, near money, liquidity, M1, M2, money supply (MS), federal reserve notes, checkable deposits, money demand (total money demand), transactions demand, asset demand, money market model, Federal Reserve System, Board of Governors, FOMC

 

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Lesson 14a