A-Level Economics · Syllabus 9.4
Money and banking
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InteractiveMoney and the Money Supply9.4.1 to 9.4.2 · The functions and characteristics of money and how the money supply is defined and measured, with barter and liquidity animations, labs and exam practice.Open →
InteractiveThe Quantity Theory of Money (MV = PT)9.4.3 · The equation MV = PT, the monetarist assumptions about velocity and transactions and an evaluation of the theory, with animations, labs and past paper practice.Open →
InteractiveCommercial Banks, Credit Creation and the Money Supply9.4.4 to 9.4.5 · Bank functions and objectives, the reserve and capital ratios, the credit multiplier, the central bank and the causes of changes in the money supply, with animations, labs and past paper practice.Open →
InteractivePolicies to Reduce Inflation and Their Effectiveness9.4.6 · Monetary, fiscal, supply-side, exchange rate and incomes policies against inflation and the transmission mechanism, with animations, labs and past paper practice.Open →
InteractiveLiquidity Preference and Interest Rate Determination9.4.7 to 9.4.8 · The motives for holding money, the Keynesian money market, the liquidity trap and the loanable funds theory, with animations, labs and past paper practice.Open →
Extra activities that deepen understanding or give more support. Shown in coursebook order.
No extra resources for this chapter yet.
NotesLiquidity Trap NotesWhy cutting rates to zero can stop working, how bonds fit in, and how QE tries to fix it.Open →
InteractiveLiquidity Trap LabDefinitions, diagrams, real data and levels-of-response practice on the liquidity trap.Open →
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