What are the inherent disadvantages of a barter system

Reference no: EM133569166

Assignment: Macroeconomics

Question A. What are the inherent disadvantages of a barter system?

Question B. Calculate M1 and M2 using details from the table given below.

	Value (in millions)
Currency	$75
Checkable deposits	25
Traveler's checks	01
Savings deposits	251
S Small-denomination time deposits	75
money market mutual fund shares	50

Question C. List and describe the four functions of money.

Question D. In an essay no less than 300 words, describe how banks can create money.

Reference no: EM133569166

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