The Economic History of Money- Learning Objectives: 1. Students will appreciate what is money, its history, functions, supply and demand 2. Students will understand how banks create money 3. Students will understand leverage and the financial crisis of 2008

Week 12 — Module 6: The Economic History of Money – ChClink on Chapter 17 Review and Create a Thread with your answers to the following questions: 1. What is money? Discuss the characteristics of money as medium of exchange, unit of account, store of value, and means of deferred payment. 2. Define M1 and M2 3. Describe the money multiplier and explain how it works. Video on MoneyTo look at the video copy link and paste in your browser: https://www.youtube.com/watch?v=ACSMsSAK_GY&list=PLD7C33AB80B405B9A https://www.youtube.com/watch?v=JG5c8nhR3LE See below link for PowerPoint slides to fully understand this assignment. https://bbhosted.cuny.edu/bbcswebdav/pid-49832500-dt-content-rid-393628076_1/xid-393628076_1

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