Ch 82: MTTC History: Money, Banking & Financial Markets

About This Chapter

Watch fun videos to refresh your knowledge of money, financial markets and banking in preparation for the MTTC History exam. These videos cover everything you need for answering related questions on the exam.

MTTC History: Money, Banking & Financial Markets - Chapter Summary

Use these video lessons to get up to speed on financial assets, functions of money and the money market. Our instructors guide you through each lesson, using real-life examples to help you understand essential money concepts, such as:

  • Financial asset types
  • Steps to calculate the time value of money
  • Measurements of the money supply
  • The basic functions of money
  • Fractional Reserve System
  • Effects of bank lending on the economy
  • Money multiplier formula
  • The demand for money and interest rates
  • Money supply and demand curves

Calculations presented in these lessons are laid out step-by-step, so you can easily remember how to use them. You'll also find lesson transcripts that you can use to quickly pinpoint definitions for key terms. Video tags let you refer back to just the main points of a video that you want to review, or you can re-watch videos as many times as you want while getting ready for the MTTC History exam.

Objectives of the MTTC History: Money, Banking & Financial Markets Chapter

Aspiring history teachers in Michigan are required to take the MTTC History exam as a step in the licensing process. The exam is used to ensure your comprehension of critical history topics and is offered in a multiple-choice format. The exam has four subareas, including interdisciplinary perspectives, which is where you'll be expected to answer questions on money and banking. About 24% of questions on the exam are found in this subarea.

Self-assessment quizzes accompany each of our lessons and are in the same format as the questions on the exam, offering you a simple way to practice for the exam and get familiar with the style of questions you'll be answering.

10 Lessons in Chapter 82: MTTC History: Money, Banking & Financial Markets
Test your knowledge with a 30-question chapter practice test
Types of Financial Assets: Money, Stocks & Bonds

1. Types of Financial Assets: Money, Stocks & Bonds

Financial assets are resources owned by people or organizations that have monetary value derived from a contractual claim. Learn more about the three main types of financial assets, such as money, stocks, and bonds.

Present and Future Value: Calculating the Time Value of Money

2. Present and Future Value: Calculating the Time Value of Money

The time value of money is a critical concept in accounting and financial management. Explore how to calculate both the present and future values of money and annuities.

Measuring the Money Supply: Explanation and Examples

3. Measuring the Money Supply: Explanation and Examples

The money supply is defined as all the money in circulation around the country at any given time. Explore an explanation and find examples of how the Federal Reserve measures the health of the nation's money supply.

What is Money? - Definition and Types

4. What is Money? - Definition and Types

Money is defined as anything that is widely accepted in exchange for goods and services. Discover the three different types of money, how money benefits society, and consider what the world would be like without money.

The Four Basic Functions of Money

5. The Four Basic Functions of Money

Money has four basic functions that help to create the foundation of the money system. Learn about the different types of functions money serves, explore the units that we can qualify as money, and take some examples to illustrate each point.

Fractional Reserve System: Required and Excess Reserves

6. Fractional Reserve System: Required and Excess Reserves

In the fractional reserve system, banks hold a small fraction of deposits as required and excess reserves. Explore the inner workings of the fractional reserve banking system and learn why banks can loan out some, but not all, of the money it has deposited.

How Money Is Made: Understanding Bank Lending in the Economy

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

Banks make money by charging interest on the money they lend to individuals and businesses and are required by the fractional reserve banking system to hold a certain amount of cash deposits in reserve. Learn how money is made by understanding how bank lending works and its impacts on the economy.

Money and Multiplier Effect: Formula and Reserve Ratio

8. Money and Multiplier Effect: Formula and Reserve Ratio

Although banks make money by making loans to people and businesses, they are required to hold a portion of deposits in reserve. Explore how the multiplier effect formula and reserve ratio are calculated and how reserve limits impact the money supply and the economy.

Money Demand and Interest Rates: Economics of Demand

9. Money Demand and Interest Rates: Economics of Demand

Money, and the demand for it, are different from both income and wealth. Learn about the economics of the demand for money, the factors that can cause demand to change, the motivators for holding money, and how money demand affects interest rates.

The Money Market: Money Supply and Money Demand Curves

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

A money market is an economic model for describing a country's money supply and demand, while a demand curve denotes the quantity of money demanded at a given interest rate. Learn about the demand curve, supply curve, and how they illustrate the economic equilibrium of a nation.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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