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☆☆☆☆☆Commodity money is a good that can be used as a medium of exchange or for some other purpose.
it drives up prices and causes money to loss value.
it only has value because the government says it does
the creation of a centralixed bank of the United States
Federal Deposit Insurance Corporation
an increase in bank runs due to a lack of confidence in the banking system
The number of banks grew rapidly,but many failed
The U.S. economy experience a period of rapid growth and prosperity. (A+)
-Hailey
This occurred when Lyndon Johnson was president. John Kennedy took preliminary steps.
representative money (A+)
-Emmy aka Hello Kitty
Fiat Money (A+)
-Hailey
A medium of exchange
It acts as an insurer of bank customer deposits. A+
inflation
fiscal policy
part private and part public company A+
controversy over corruption and political opposition
François Quesnay
