Definition, Measurement, and Functions of Money

The need for banks

The use of credit cards

The complications of bartering

The requirement for loans

Medium of Exchange

Unit of Account

Store of Value

Standard of Deferred Payment

The interest rates associated with short-term loans

The total amount of money in circulation

The ability to convert something into cash easily

The process of measuring money supply

Currency in circulation and bank reserves

Bank reserves and government bonds

Currency in circulation and credit card transactions

Currency in circulation and stock investments