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Difference between fiat money and commodity money

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Reference no: EM13837801

Please write in some detail on all of the followings:

1. Crowding out in the loan able fund: what does it mean?

2. Please define: stock, bond, dividend, risk free investment.

3. What are the functions of money?

4. What is the difference between fiat money and commodity money?

5. Please distinguish between reserve, required reserve, excess reserve.

6. Please explain how the three traditional tools of monetary policy work in terms of expansionary and contractionary monetary policy.

7. Banks create money. How?

8. Please distinguish among: bank panic, bank run and bank failure

9. Please distinguish between: M1 and M2.

10. What are the two responsibilities of the Federal Reserve?

11. FOMC: what does it mean? What are its functions?

Reference no: EM13837801

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