Econ Chapter 14 & 15 Short Anwer

5 characteristics of money

Durable, Portable, Divisible, scarce, accepted

2 ways to implement tight monetary policy

Raising Requirements, Open Market Operations

2 ways to implement loose monetary policy

Reserve Requirements, Open Market Operations

3 Functions of money

medium of exchange, unit of accounting, store of value

4 ways to implement monetary policy

reserve requirements, discount rate, fed fund rate, open markets operations