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Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks.

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Presentation on theme: "Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks."— Presentation transcript:

1 Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

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3 Union Membership

4 Functions of Money 1. Medium of Exchange 2. Store of Value 3. Unit of Account

5 Stone Money of Yap Island

6 Federal Reserve Bank of NY

7 Gold Vault at NY Fed 80 feet below ground, on Manhattan bedrock

8 Hard to break into (Bruce Willis notwithstanding)

9 On the other side of the door is 266 million ounces of gold. Each bar is worth about $450,000 at current market rates.

10 A job worth having?

11 Resisting temptation

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15 FDIC


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