Functions of Money

What are the Functions of Money? Money solves the problems that the barter system creates. The functions of money include: Medium of Exchange Store of Value Unit of Account Standard of Deferred Payment What is a Medium of Exchange? First, money serves as a medium of...

Bank Regulation

What is Bank Regulation?A safe and stable national financial system is a critical concern of the Federal Reserve. The goal is not only to protect individuals’ savings, but to protect the integrity of the financial system itself. This esoteric task is usually behind...