money supply comprises currency

Discussion: Monetary Policy

Topic: Money

Question/Prompt:

Author Anna Schwartz writes this about money: “The U.S. money supply comprises currency—dollar bills and coins issued by the Federal Reserve System and the Treasury—and various kinds of deposits held by the public at commercial banks and other depository institutions such as savings and loans and credit unions.” (Schwartz, n.d.)

In this threaded discussion, complete the following:

1) Discuss the concept of money. Begin by defining the functions of money and explain how currency meets these functions.

2) Explain the concept of bartering.  Explain whether bartering does or does not meet all of the functions of money.

3) Historically, a number of things other than coin and currency have been used as money. Using outside research, provide an example of something else that has been used as money, and explain when and where it was used. Do not use the examples given in the text.

4) Think about how Scripture influences our attitudes and actions towards money. Which Bible verses related to money challenge you the most? Which biblical concepts have helped form how you think about and act with your money? Explain.

***PLEASE READ***

Discussion Post must be at least 300 words

For each thread, students must support their assertions with at least 3 scholarly citations in APA format. Each reply must incorporate at least 1 scholarly citation in APA format. Any sources cited must have been published within the last five years. Acceptable sources include newspapers, periodicals, journals, textbooks, credible news websites (NPR, BBC, etc.), and the Bible. Sources such as Wikipedia, About.com, thebalance.com, book reviews, and blogs are prohibited.