We sing about it. People danced with the O'Jays - 'money, money, money, money!' andBarrett Strong's 'Money (That's What I Want)'. (You can search forthe videos onwww.youtube.comand enjoy.) Let's start this discussion by defining money. What is money? Why is it important to define money the way it is defined in your textbook? Describe the functions of money and provide examples for each.How do economists measure the quantity of money in the economy? Banks create money without printing a single note. How do they do that? What does it mean when we say banks "create" money?

Read Chapters 27 and 28