1. what gives money its value? 2. what are the three functions of money? define and give an example for each one. 3. define commodity money and give an example. 4. define fiat and give an example. 5. what are the 6 characteristics of money. give a description for each one. 6. define and give an example for liquidity. 7. what is the difference between liquid and non liquid? 8. where do the banks get their money? 9. what is the purpose a central bank? 10. list the three tools of monetary control. 11. what is a bond?
