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