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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

For an economy to operate effectively, consumers and businesses need a common medium of exchange and mechanisms to encourage some people to save, others to borrow and others to invest. In any modern economy, these needs are met with 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

A central concept in business and finance is the time value of money. We will use easy to follow examples and calculate the present and future value of both sums of money and annuities.

Measuring the Money Supply: Explanation and Examples

3. Measuring the Money Supply: Explanation and Examples

Discover how the Federal Reserve defines the money supply by exploring the components of the money stock. In this lesson, we also look at the money supply in terms of function and liquidity.

What is Money? - Definition and Types

4. 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

5. 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

6. 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

7. 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

8. 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

9. 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

10. 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.

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.
Not Taken

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Other Chapters

Other chapters within the MTTC History (009): Practice & Study Guide course

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