Business Essentials, 12/e

Questions & Exercises

Questions For Review

1. 16-1. Explain the four characteristics of money.

2. 16-2. What are the components of M-1 and M-2?

3. 16-3. Explain the roles of commercial banks, savings and loan associations, credit unions, and nondeposit institutions in the U.S. financial system.

4. 16-4. Describe the structure of the Federal Reserve System.

Questions for Analysis

1. 16-5. As a consumer, when would you favor a strong dollar? What about a weak dollar? Would you consider these factors differently as an employee or employer?

2. 16-6. Should commercial ...