The demand for money 1. What is money? 1.Means of exchange (pay bills) 2.Unit of account (what are units in balance sheets) 2.
Review of the previous lecture 1. Fractional reserve banking creates money because each dollar of reserves generates many dollars of demand deposits. 2.The.
23 © 2004 Prentice Hall Business PublishingPrinciples of Economics, 7/eKarl Case, Ray Fair CHAPTER 26 Money Demand, the Equilibrium Interest Rate, and.
The Demand ECO 473 - Money & Banking - Dr. D. Foster for Money.
The Demand
