CHAPTER 5
MONEY
- Why money exists and how we measure it
- What affects how much money people hold
- Where money comes from and how banks can ‘create’ it
- The relationship between money, activity and inflation
- Who is borrowing and who is saving money
- The importance of borrowing to the economy and the credit crunch
WHY DOES MONEY EXIST?
This might sound an odd question to begin with. Surely it's obvious what money is – it's the notes and coins we carry around in our back pockets to buy goods & services in the shops, as well as the money we keep in our bank accounts. While that's true, there happens to be a lot more to defining money.
It wasn't always ...
Get What You Need To Know About Economics 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.
