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Ebook3w

"After reading this chapter, you should be able to answer these questions: What is money, what are its characteristics and functions, and what are the three parts of the U.S. money supply? How does the Federal Reserve manage the money supply? What are the key financial institutions, and what role do they play in the process of financial intermediation? How does the Federal Deposit Insurance Corporation (FDIC) protect depositors’ funds? What roles do U.S. banks play in the international marketplace? What trends are reshaping financial institutions?"