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Money and Banking


In this chapter you will learn:
  • About the functions of money and the components of the U.S. money supply.
  • What "backs" the money supply, making us willing to accept it as payment.
  • The makeup of the Federal Reserve and the U.S. banking system.
  • The functions and responsibilities of the Federal Reserve.








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McConnell, Macroeconomics 17eOnline Learning Center

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