Business Essentials, 12/e

Part 6 The Financial System and Issues in Financial Management

Chapter 16 Understanding Money and the Role of Banking

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Making money is more than just dollars and sense. Technology and a flat world complicate matters; businesses need to ask where their money comes from, who is using it, and why.

Learning Objectives

After reading this chapter, you should be able to:

1. 16-1 Define money and identify the different forms that it takes in the nation’s money supply.

2. 16-2 Describe the different kinds of financial institutions that compose the U.S. financial system and explain the services they offer.

3. 16-3 Explain ...