Macroeconomic Impact on Business Oerations
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Title: Macroeconomic Impact on Business Oerations

Essay Details:

Subject: Business
Author: Janie B
Date: December 6, 2015
Level: University
Grade: A
Length: 6 / 1697

Essay text:

To completely understand how banks create money it is best to go back to before there were banks and the Federal Reserve. This paper will explain how money was created from its beginning, the inception of the monetary policy and how the monetary policy affects inflation, GDP, unemployment, and achieving a balance between them all. Before banks evolved in the 16th and 17th centuries, commodity money of gold and silver were used to purchase needed items. Theses metals are heavy and storing large amounts is risky and expensive, carrying them on long trips was dangerous. When used in coined form, it is difficult to determine quality and quantity or weight of the coins...

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