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3 cards from this section. Quick, good the night before a test.
What is the primary function of money?
Think about the role of money in trade.
What does CRR stand for?
It is a requirement for banks regarding their reserves.
What is the main function of money?
Reflect on what makes money important in trade.
Is a central bank considered a lender of last resort?
Think about the role of central banks in financial crises.
Given a cash reserve ratio of 25%, calculate how much money can be created from an initial deposit of $1000.
Use the money multiplier formula for your calculations.
Discuss how advancements in technology could influence the future of cashless societies and the implications for traditional banking.
Consider both the benefits of efficiency and the challenges of inclusivity.
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