Econ Chapter 14 & 15 Short Anwer
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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
