Sample Economics Paper on the concept of money and what constitutes the monetary system

Instruction: Create a thread or reply to an existing thread with >100 words. Your discussion should include the relevance of one economic/business concept from this week’s chapters. Indicate the concept at the beginning of your post.

Task: Respond to the following questions and, if appropriate, include your personal experience or observations as part of your answer: The Fed, the U.S. central bank, has reportedly injected trillions of dollars into the economy during the 2008-2009 recession and again during the COVID-19 pandemic. Can you tell where those dollars are? If not, why not? How can you use what you’ve learned from this course to explain the impact of the Fed’s actions? Keep in mind that your discussion should include the relevance of at least one economic/business concept from this week’s chapters.

Info to use from this week’s chapters:
In this lesson, we will learn the concept of money and what constitutes the monetary system. We will also learn how the U.S. central bank controls the supply of money, which in turn affects different aspects of our economy, such as interest rates and inflation. We will also examine how inflation affects us.
Money has been around since the beginning of civilization. Many things have served as money in the past. North American Indians used beads, early American colonists used tobacco, and Africans used salt. What do beads, tobacco and salt have in common? Why is money so important to us? How does the Federal Reserve, the U.S. central bank, create money? You will find out the answers to these questions in this lesson.