Money

What is it? In Kevin Costner’s 1995 movie “Waterworld” it was dirt and in prison contexts it has been cigarettes.

What features must money have.

How is it defined and measured in the U.S. ?

What is the connection to a banking system with fractional reserves?

Explain how money is created and destroyed (hint: it is NOT currency printing).

What is a money multiplier?

 

 

 

 

Sample Solution

ACED ESSAYS