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Ch 1 Money and Banking

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Question
Answer
show Time, Risk, Information, Markets, and Stability  
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show Time has value  
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show Risk requires compensation  
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Information   show
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show Markets determine prices and allocate resources  
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show Stability improves welfare  
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show money, financial instruments, financial markets, financial institutions, government regulatory agencies, and central banks  
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Money   show
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show used to transfer resources and risk  
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show allow people to buy and sell financial instruments  
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show provide access to the financial markets, collect information, and provide a variety of other services  
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show aim to make the financial system operate safely and reliably  
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show stabilize the economy  
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Gross Domestic Product   show
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Real GDP   show
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Nominal GDP   show
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show Nominal GDP/Real GDP  
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Created by: sam6204
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