ECO 372 Week 3 participation Principles of Macroeconomics, Ch. 16: The Monetary System

Consider the following as you read:

1. Consider what distinguishes money from other assets in the economy.
2. Consider what is commodity money and fiat money, and which kind we use.
3. Consider what demand deposits are and why they should be included in the stock of money.
4. Consider who is responsible for setting monetary policy in the United States. How is this group chosen?