Part 6 The Financial System and Issues in Financial Management

Chapter 16 Understanding Money and the Role of Banking

A photo of Janet Yellen, former chair of the Federal Reserve, speecking at a conference.

Bao Dandan/Xinhua/Alamy Stock Photo

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 ...

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