1. a. What are the three functions of money? Give a brief
description of each. (0.3 point)
b. If money is anything that fulfills the three functions of
money, do you think that a credit card is money? Yes or no?
Explain. (0.2 point)
2. The federal reserve system, also called the Fed, is the
central bank of the United States of America. What are the main
powers of the Fed? (0.4 point)
3. a. What did the FOMC said...