Money and Financial Institutions, assignment help

Answer the following questions. Submit in the text box below or submit as a word document. It does not matter what format you use, just do as normal.

  1. What is a major advantage of using money over bartering in buying goods and services?
  2. What are at least fi ve characteristics that money must have?
  3. What are four types of loans that a bank makes?
  4. How is a credit union different from a commercial bank?
  5. List the seven types of fi nancial institutions discussed in the section.
  6. What is the mission of the Federal Reserve?