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