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Econ 331 - Chapter 1 Textbook Notes

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Concordia University. ECON 331: Money and Banking. Prof. Moshe Lander Textbook: The Economics of Money, Banking, and Financial Markets. Sixth Candian Edition. By Frederic S. Mishkin and Apostolos Serletis. Notes on Textbook Chapter 1.
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Chapter 1 - Why Study Money, Banking and Financial Markets

Financial Markets: markets where funds are transferred from people who have an excess of available funds, to people who have a shortage. -Financial markets are crucial to promoting greater economic efficiency by channeling

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