Readings: Monetary terms, and the roll of central banks
Bank of Italy
It’s important that you understand not just the policy implications of the various banking systems, and how they create money, but also that you have a clear understanding of the terms that are used to describe the different parts in these systems.
Read John Petroff’s “Macroeconomics, Chapter 10: Money”to learn the key terms and definitions for these elements.
Then read Principles of Macroeconomics: “Chapter 9, Section 3: The Federal Reserve System” and do the “Try It” exercises. This reading will provide additional perspectives and insight on the role of central banks and how they create and destroy money.
Materials copied and adapted in accordance with the PEOI Educational Material Universal Common License.
Readings: Monetary terms, and the roll of central banks
It’s important that you understand not just the policy implications of the various banking systems, and how they create money, but also that you have a clear understanding of the terms that are used to describe the different parts in these systems.
Read John Petroff’s “Macroeconomics, Chapter 10: Money”to learn the key terms and definitions for these elements.
Then read Principles of Macroeconomics: “Chapter 9, Section 3: The Federal Reserve System” and do the “Try It” exercises. This reading will provide additional perspectives and insight on the role of central banks and how they create and destroy money.
Footnotes
Materials copied and adapted in accordance with the PEOI Educational Material Universal Common License.
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