{"id":189,"date":"2024-05-30T03:28:14","date_gmt":"2024-05-30T03:28:14","guid":{"rendered":"https:\/\/course.oeru.org\/maec103\/?page_id=189"},"modified":"2024-05-30T03:28:14","modified_gmt":"2024-05-30T03:28:14","slug":"tasks-introduction-to-monetary-policy-challenge","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec103\/learning-pathways\/introduction-to-monetary-policy\/tasks-introduction-to-monetary-policy-challenge\/","title":{"rendered":"Tasks &#8211; Introduction to Monetary Policy challenge"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\"><div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"objectives\" src=\"https:\/\/course.oeru.org\/maec103\/wp-content\/themes\/oeru_course\/idevices\/Icon_objectives.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Completing the challenge<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<ol>\n<li> Read <b><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/saylordotorg.github.io\/text_principles-of-macroeconomics-v2.0\/s12-01-what-is-money.html\">The Banking System and Money Creation<\/a><\/b> in <b><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/saylordotorg.github.io\/text_principles-of-macroeconomics-v2.0\/index.html\">Principles of Macroeconomics<\/a><\/b>.\n<\/li>\n<\/ol>\n<ol>\n<li> Read <b><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/saylordotorg.github.io\/text_principles-of-macroeconomics-v2.0\/s12-01-what-is-money.html\">What Is Money?<\/a><\/b> in <b><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/saylordotorg.github.io\/text_principles-of-macroeconomics-v2.0\/index.html\">Principles of Macroeconomics<\/a><\/b>.\n<\/li>\n<li> Make notes about the meaning of money, how it has perceived value, how it can lose it&#8217;s value and the different kinds of money there are (pay special attention to the case studies at the end of each section).\n<\/li>\n<li> Reflect on what causes a financial instrument to have value and to be considered M1 (money) or M2 (near-money).\n<\/li>\n<\/ol>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/p>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.012 seconds\nReal time usage: 0.014 seconds\nPreprocessor visited node count: 103\/1000000\nPreprocessor generated node count: 774\/1000000\nPost\u2010expand include size: 3271\/2097152 bytes\nTemplate argument size: 1820\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key 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