Introduction To Understanding Money And Banks Basic Economics

A introduction of the concept of money as medium of exchange and how the banks work. Subjects covered by these notes include; brief history of money, money supply, demand for money, money balance, inflation , income, interest rates, credit availability, goldsmiths, reserve ratio, modern banking, types of banks, banking deregulation, home mortgage, subprime mortgage crisis (financial crisis of 2008), Federal Deposit Insurance Corporation (FDIC), and Overdraft Privileges. Some example are provided with mathematical calculations to help students do their homework problems or understand how to calculate basic parameters.