what is the defintion of money?

Q: Persuasive essay about money laundering in the Philippines 1000 words

A: Money laundering is the illicit technique of making significant sums of money obtained through…

Q: Set forth and describe two of the basic qualities needed for any item to be used as money.

A: Money is a resource or asset that is accepted and used as an exchange medium to buy commodities and…

Q: 1. Please complete the table below, and graph on the same graph: the average fixed cost curve, the…

A: Costs refer to the expenses incurred in the production of goods or services, including expenditures…

Q: Why (not how) did money evolve out of a barter economy?

A: A market system with exchange of goods and services with goods and services is known as barter…

Q: What is a bond, James Bond? how is it related to personal checks

A: Bonds are one of the important income yielding financial assets in the economy and not James Bond…

Q: What are some factors to consider when choosing a bank?

A: Banks are the financial institutions that are very important in every economy. They are the main…

Q: Using an example explain what the shadow banking system is and how it works.

A: The shadow banking system is not like long-established banks and lending institutions because these…

Q: What about the second part of the problem that has to deal with the bank loan?

A: Bank loan is the amount of loan or debt which is taken from the bank. So bank debt is important…

Q: In our daily life we use credit cards and debits cards for payments. Are credits cards considered…

A: Anything that is extensively used as a medium of exchange and accepted as payment is considered to…

Q: why do we need banks and financial institutions

A:

Q: How banks create money and what are the FED regulations that limit them.

A: The mechanism of money creation is the flow of bank-to - bank reserves, with each bank using surplus…

Q: What is Money? Describe money and how it is used

A: The money market is a financial marketplace where short-term borrowing and lending take place.…

Q: How are banking laws made and implemented? What are the primary federal agencies that regulate…

A: Banking laws are made by the government and implemented by regulatory agencies. These agencies are…

Q: Write a post that explains why money is not the universal measure of all value.

A: Money is the major consideration for all the people in today’s world. Without money the people…

Required Reserve and Excess Reserve Analysis

A required reserve is an amount of cash that banks must keep with themselves, which is certain percentage of the deposits made by their customers. Required reserve is a percentage of the bank's deposits that the respective bank must have on each overnight. The percentage rate is set and determined by the nation’s central bank. It is important to have such funds accumulated to meet its uncertain obligations, sudden liabilities and withdrawals. Required reserve is also known as reserve ratio. Reserve ratio is an important tool to control the money supply.