How Financial Institutions Create Money and Are Regulated
Objective 16-3 Explain how financial institutions create money and describe the means by which they are regulated.
When individuals make decisions about spending and saving money, they often don’t realize they are taking a financial risk. Getting more value for your money requires an awareness of how the value of your money, including savings, changes—and it does change. As the value of money goes down, your purchasing power goes down. Conversely, purchasing power goes up as the value of your money increases. By predicting changes in value, you can time your spending and savings decisions to get the most for your money. Predictions of future values become possible by (1) understanding ...
Get Business Essentials, 12/e now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
