《【PPT精品课件】货币金融学7版英文课件--3-大学课件20.ppt》由会员分享，可在线阅读，更多相关《【PPT精品课件】货币金融学7版英文课件--3-大学课件20.ppt（5页珍藏版）》请在taowenge.com淘文阁网|工程机械CAD图纸|机械工程制图|CAD装配图下载|SolidWorks_CaTia_CAD_UG_PROE_设计图分享下载上搜索。
1、 2005 Pearson Education Canada Inc.Chapter 3What Is Money?2005 Pearson Education Canada Inc.2005 Pearson Education Canada Inc.Meaning and Function of MoneyEconomists Meaning of Money1.Anything that is generally accepted in payment for goods and services2.Not the same as wealth or incomeFunctions of
2、Money1.Medium of exchange2.Unit of account3.Store of valueEvolution of Payments System1.Precious metals like gold and silver2.Paper currency(fiat money)3.Checks4.Electronic means of payment5.Electronic money:Debit cards,Stored-value cards,Smart cards,E-cash2 2005 Pearson Education Canada Inc.Bank of
3、 Canadas Monetary Aggregates3 2005 Pearson Education Canada Inc.Growth Rates of the Banks Monetary Aggregates4 2005 Pearson Education Canada Inc.The Bank of Canadas money supply measures are simple-sum indices,M =x1+x2+xn,where xj is one of the n monetary components of the monetary aggregate M Weighted monetary aggregates(such as the Divisia)seem to predict inflation and the business cycle somewhat better than the Banks aggregatesMoney as a Weighted Aggregate5