Chapter 29 The Monetary System











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Barter 1:20 • What is money? 2:26 • Functions of money 3:27 • Commodity money vs fiat money 7:22 • Money in the US economy 10:25 • M1 and M2 12:50 • The Federal Reserve System 16:43 • Jobs of the Fed 20:58 • The impact of banks on the money supply 25:32 • Fractional reserve banking and money creation 32:36 • The money multiplier 43:16 • The tools of the Fed 46:36 • Problems in controlling the money supply 55:27

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