Question

what is the significant thing you have learned in Econ 430(Money and banking ) and why

Answer 1

Abstract

As you know that money & Banking plays a key role in the performance of the economy.

Banks serve as the principal caretaker of the economy's money supply and, along with other financial intermediaries, provide an important source of funds for consumers and businesses.

Money is any good that is widely used and accepted in transactions involving the transfer of goods and services from one person to another.

Bank money consists of the book credit that banks extend to their depositors. Transactions made using checks drawn on deposits held at banks involve the use of bank money

A banking business is, however, distinct from a pure money-lending business.

A money-lender usually advances his own funds. A bank accepts deposits from the public, which are withdraw-able by cheques, and the funds so accumulated are lent to its needy customers against goods or securities or by discounting bills

It is very important to know the significan things that you will learn from the study of ECON 430 Course

Below are the summary of it

1. structure of financial institutions and their role in providing money and near money
2. Main goal of study is to is to evaluate how the banking and business environment has changed,
3. Describe the functions and measurement of money, discuss and evaluate the money supply creation process
4. Analyze the impact of the Federal Reserve's policies on both the U.S. economy and the economies of other nations.
5. You need to focus more on the concepts like composition of the Federal Reserve, the money supply creation process, the tools of monetary policy, the term structure of interest rates, the demand for and supply of money, and interest rate theories