What is money and why is money valuable? 2. List the main function of money 3. List four characteristics of Money 4. Outline the process by which a bank creates money. 5. How does the Central Bank control the money supply? 6. Distinguish between a bank runs and a bank failure. 7. Differentiate between the different measures of money. 8. A bank receives $10,000 in deposits. It keeps $2,000 and makes a loan of $8,000. Calculate the required reserve ratio. 9. A reserve requirement of 5% implies a potential money deposit expansion multiplier of how much? 10. List and explain the functions of the Bank of Jamaica