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27: The Monetary System

Last updated

Jan 4, 2021
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- 26.2: Evaluating Fiscal Policy
- 27.1: Introducing Money

Boundless
Boundless

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Topic hierarchy

27.1: Introducing Money
Money is any object that is generally accepted as payment for goods and services and the repayment of debt.
27.2: Introducing the Federal Reserve
Monetary policy is the process by which a monetary authority controls the money supply, often to produce stable prices and low unemployment.
27.3: Creating Money
A fractional reserve system is one in which banks hold reserves whose value is less than the sum of claims outstanding on those reserves.

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