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Ch 55: CEOE Business Education: Fundamentals of Money

About This Chapter

Use our short and flexible video lessons to cement your knowledge of the fundamentals of money before you take the CEOE Business Education exam. Each lesson breaks down a larger concept into easily manageable chunks to guide your study of this topic.

CEOE Business Education: Fundamentals of Money - Chapter Summary

If it's been awhile since you studied the fundamentals of money and you're in need of a refresher before taking the CEOE Business Education exam, watch the quick and fun lessons in this chapter. You'll easily be ready for questions on the exam covering:

  • Types and functions of money
  • The fractional reserve system
  • Bank lending, money demand and interest rates
  • Money supply and demand curves
  • U.S. banking system institutions
  • Government protection of money
  • International banking services and organizations

Make your preparations for the CEOE Business Education exam stress-free with the lessons in this chapter. You can watch videos on the go using your mobile device, and you have the option to re-watch videos as often as you need to get ready for the exam.

Objectives of the CEOE Business Education: Fundamentals of Money Chapter

Aspiring business teachers in Oklahoma are required to pass the CEOE Business Education exam before earning a teaching license. This test is a tool to gauge your mastery of business topics including accounting, marketing and customer service, economics and finance, info systems and business management. Your study of money fundamentals will guide you through related questions in the economics and finance subarea, which makes up about 17% of the exam. Questions on this exam include one constructed-response and 80 selected-response questions.

12 Lessons in Chapter 55: CEOE Business Education: Fundamentals of Money
What is Money? - Definition and Types

1. What is Money? - Definition and Types

In this lesson, you'll learn what money is and its four basic functions. You'll also take a look at how it benefits society and explore the different types of money.

The Four Basic Functions of Money

2. The Four Basic Functions of Money

This lesson uses real-world examples to describe the four basic functions that money serves in an economy. These basic functions help to create the foundation of the money system.

Fractional Reserve System: Required and Excess Reserves

3. Fractional Reserve System: Required and Excess Reserves

This lesson provides an overview of basic banking concepts, illustrating how deposits turn into required reserves and excess reserves. It also covers how a bank accounts for these items on its balance sheet.

How Money Is Made: Understanding Bank Lending in the Economy

4. How Money Is Made: Understanding Bank Lending in the Economy

In this lesson, you'll learn how a single deposit in a local bank increases the money supply and filters through the economy with the help of the fractional reserve banking system.

Money and Multiplier Effect: Formula and Reserve Ratio

5. Money and Multiplier Effect: Formula and Reserve Ratio

In this lesson, explore the concept of the multiplier effect and the money multiplier. Then, learn the formula for calculating changes in the money supply.

Money Demand and Interest Rates: Economics of Demand

6. Money Demand and Interest Rates: Economics of Demand

Learn about the differences between money, wealth and income and explore the factors that determine the demand for money in an economy. Take a look at the demand curve for money as well.

The Money Market: Money Supply and Money Demand Curves

7. The Money Market: Money Supply and Money Demand Curves

This lesson explores an economic model describing the supply and demand for money in a nation, referred to as the money market. It also describes the central bank's role in controlling the money supply, which impacts interest rates and the greater economy.

Institutions of the U.S. Banking System

8. Institutions of the U.S. Banking System

The United States banking system is diverse and consists of many different types of institutions. In this lesson, you'll learn about commercial banks, savings and loan associations, credit unions, and investment banks.

How the Government Protects Your Money During a Financial Crisis

9. How the Government Protects Your Money During a Financial Crisis

In this lesson, you'll learn about some of the causes of the financial crisis of 2008 that brought us the Great Recession. You'll also learn what steps the federal government can take to help protect your money when the next financial crisis hits.

How Technology Makes Banking More Efficient

10. How Technology Makes Banking More Efficient

If you've ever heard the cliché 'banker's hours,' you know that banking traditionally has not been a fast and efficient process. In this lesson, you'll learn about how technology has improved the efficiency of banking for customers.

International Banking and Services

11. International Banking and Services

Business never stops in the global economy. Companies need banking services 24 hours a day on different continents. In this lesson, you'll learn about international banking, including services provided and types of banks.

The World Bank, IMF & Other International Banking Organizations

12. The World Bank, IMF & Other International Banking Organizations

International banking and financial organizations exist to encourage economic and financial stability, help facilitate trade, and help with economic development. In this lesson, you'll learn about some of these important organizations.

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Other Chapters

Other chapters within the CEOE Business Education: Practice & Study Guide course

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