资源描述：
《曼昆经济学原理第五版答案英文ch27》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。
1、Chapter27—THEMONETARYSYSTEM1327THEMONETARYSYSTEMWHAT’SNEW:Thediscussionofthereserveratiohasbeenexpanded.LEARNINGOBJECTIVES:Bytheendofthischapter,studentsshouldunderstand:Øwhatmoneyisandwhatfunctionsmoneyhasintheeconomy.ØwhattheFederalReserveSystemis.Øhowthebankingsyste
2、mhelpsdeterminethesupplyofmoney.ØwhattoolstheFederalReserveusestoalterthesupplyofmoney.KEYPOINTS:1.Thetermmoneyreferstoassetsthatpeopleregularlyusetobuygoodsandservices.2.Moneyservesthreefunctions.Asamediumofexchange,itprovidestheitemusedtomaketransactions.Asaunitofacc
3、ount,itprovidesthewayinwhichpricesandothereconomicvaluesarerecorded.Asastoreofvalue,itprovidesawayoftransferringpurchasingpowerfromthepresenttothefuture.3.Commoditymoney,suchasgold,ismoneythathasintrinsicvalue:Itwouldbevaluedevenifitwerenotusedasmoney.Fiatmoney,suchasp
4、aperdollars,ismoneywithoutintrinsicvalue:Itwouldbeworthlessifitwerenotusedasmoney.4.IntheU.S.economy,moneytakestheformofcurrencyandvarioustypesofbankdeposits,suchascheckingaccounts.5.TheFederalReserve,thecentralbankoftheUnitedStates,isresponsibleforregulatingtheU.S.mon
5、etarysystem.TheFedchairmanisappointedbythePresidentandconfirmedbyCongresseveryfouryears.HeistheleadmemberoftheFederalOpenMarketCommittee,whichmeetsabouteverysixweekstoconsiderchangesinmonetarypolicy.Harcourt,Inc.itemsandderiveditemscopyrightÓ2001byHarcourt,Inc.Chapter2
6、7—THEMONETARYSYSTEM131.TheFedcontrolsthemoneysupplyprimarilythroughopen-marketoperations.Thepurchaseofgovernmentbondsincreasesthemoneysupply,andthesaleofgovernmentbondsdecreasesthemoneysupply.TheFedcanalsoexpandthemoneysupplybyloweringreserverequirementsordecreasingthe
7、discountrate,anditcancontractthemoneysupplybyraisingreserverequirementsorincreasingthediscountrate.2.Whenbanksloanoutsomeoftheirdeposits,theyincreasethequantityofmoneyintheeconomy.Becauseofthisroleofbanksindeterminingthemoneysupply,theFed’scontrolofthemoneysupplyisimpe
8、rfect.CHAPTEROUTLINE:Thisisagoodchapterto“winback”thestudentswhowereboredwithnationalincomeaccounting.Studentsaregene
