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Your Assignment 5 relates to chapters 13 (Money and the Financial System), and 14 (Banking and the Money Supply) respectively. You will be answerring questions related to the Financial System and Money Supply.
Your assignment is worth 6 pts, and each of the questions must have at least a half of page of writing (150 words)
A reference page with at least two references from the FNU Library (LIRN / Library and Information Resources Network) specifically Pro-Quest, and textbook are required, you must also reference your in-text.
Your Library: User ID > 24439
In addition your answers must prescribe to APA format.. You must submit a cover page, each question in a page by itself, and your references page must be also in a page by itself. And, please do not forget to reference your in-text. Lastly your assignment must be submitted via “Safeassign” in order to obtain your max points your work must be original in at least 70%.
Answer the following questions:
– What are the three important functions of money? Define each one of them.
– Why is universal acceptability such an important characteristic of money? What other characteristics can you think of that might be important to market participants.
– In acting as financial intermidiaries, what needs and desires of savers and borrowers must banks consider?