oct 28, 2009 i. unemployment a. causes b. policies ii. money a. what it is b. how much is there iii....
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Union MembershipTRANSCRIPT
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Oct 28, 2009
I. UnemploymentA. CausesB. Policies
II. MoneyC. What it isD. How much is there
III. Banks
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Union Membership
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Functions of Money1. Medium of Exchange2. Store of Value3. Unit of Account
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Stone Money of Yap Island
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Federal Reserve Bank of NY
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Gold Vault at NY Fed80 feet below ground, on Manhattan bedrock
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Hard to break into (Bruce Willis notwithstanding)
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On the other side of the door is 266 million ounces of gold. Each bar is worth about $450,000 at current market rates.
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A job worth having?
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Resisting temptation
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FDIC