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Directions: Read the comic book story that illustrates the development of currency and how the banking and currency system in the United States works. Explain
Directions: Read the comic book story that illustrates the development of currency and how the banking and currency system in the United States works. Explain WHY the various problems pose challenges to the economy and challenges of implementing a system of currency and banking, then explain how the solution from the comic solves the problem. Problem Explanation Solution Barter System (include definition of double coincidence of wants in your explanation) Dimes(as only available currency) Lack of access to dollars(pg. 14) Access to Capital (pg. 15, define capital in your explanation) Low Reserves in Banks (define reserves in your explanation) Bank Run (define this problem and how it occurs)
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