This website uses cookies to ensure you have the best experience. Learn more

The Three Most Important Things I Leaarned In This Course

1378 words - 6 pages

We learned so much in course that applies to our everyday lives and the condition and operation of the country that I actually wish they had taught it back in high school. There was so much subject matter covered that it is difficult to narrow what I learned down to just three things. The textbook and supporting documentation and discussion pertained to the financial system. The financial system is basically how the money moves through our economy. Funds flow primarily through the financial markets which our book defines as; “Markets in which funds are transferred from people who have excess available funds to people who have shortage”. (Mishkin, 2010) The key is to keep the funds productively working in the economy. I will focus broadly and say that the three most important things I learned in this course were about money & financial system itself, the institutions that fuel the system and the Central Banks.
Let’s start with what money is and what it does. Money is “anything that is generally accepted in payment for goods and services.” (Mishkin, 2010) Money needs to have value to the people within a society in order to fill this role. One of the primary roles of money is to be used as payment for goods or services; it also reflects value or price levels and retains value over time. Currency is the actual form of the “acceptable” money. Money that is made of a valuable commodity, such as silver or gold, is called commodity money. As is typical of economies as they mature, the United States has moved away from commodity money to paper money. The money is backed not by the value of the commodity, but by a promise for payment.
The flow of funds happen in the financial markets as mentioned above. This isn’t a place like a supermarket or mall where you run in to grab a few things. These markets are where money is loaned by those who want to put it to productive use in the hopes of making a little profit on it in return. Examples of these markets are the stock market and the bond market. These markets exist throughout the developed world. Stocks are a share of ownership that you purchase in a company. The money is used to finance the company and the stock holder receives a share of the profit, known as a dividend. The stock holder owns the shares until they choose to sell them. Bonds are a security that helps to pay the debt of an institution. The bond holder is promised periodic payments for a specified amount of time.
There are two types of markets as well. The primary market is where new issues of securities, such as stocks and bonds, are sold to the initial buyers. Secondary markets are where existing securities are re-sold. The secondary market is also the more common market for the average person. An example would be the New York Stock Exchange.
Financial intermediaries are institutions that help to move funds from those with surplus to those who need them. Rather than work directly in the primary markets, we...

Find Another Essay On The Three Most Important Things I Leaarned in This Course

What is one of the three most important scenes in "A midsummer Night's Dream?" Why?

747 words - 3 pages The first scene of 'A Midsummer Night's Dream,' is one of the three most important scenes in the play as it establishes what the play will be about. The scene tells us a lot about the story, and the information is vital for the audience to understand the story shown in the play. This information includes Theseus and Hippolyta's love, the Athenian law, Demetrius and Lysander and what Egeus thinks of them, Hermia and Lysander's love, and Helena's

3 most important texts this semester

727 words - 3 pages This last semester was a very crazy, hectic, semester filled with lots of fun and not so fun days. My English class was one of those classes where some days I was very interested in the stories and others I almost fell asleep from boredom. But from the texts that I found interesting, I think the three most favorite were: “The Rime of the Ancient Mariner, Porphyia’s Lover, and Ah, Are You Digging on My Grave?” Therefore, what are the three most

three things i will hate to lose

1040 words - 5 pages to Tampa to enroll in school, but now, every time I have the opportunity to look at my photo album, I do, and every single picture is like a time machine that brings me back to those amazing moments in my life, and I'm happy again. Even though I don't live in New Jersey anymore, the photos keep my memories alive. So far one of the most important things I've learned about life is that happiness isn't about the more expensive or luxurious things

An analysis on the three most important texts of the semester

728 words - 3 pages Over the course of the second semester, many important texts were read. Each short story and poem had their own themes and messages to share. Depending on how you personally read each text, some may stick out more than others, but all just as important as the other. Important as in to each author, their message is significant to themselves. We as a class definitely got a lot of reading of different texts this semester so there were many to

Words Change Lives (An Essay About The Three Most Important Texts From Senior English B)

984 words - 4 pages poem that brought about the idea that things can die, and become undead. It also has an extremely important message. We, as mere humans, were created and are loved by God, the same God that created and loves everything. Who are we to take our surroundings for granted? Who are we to think that we are better than anything else that creeps and crawls around this planet we call our home? Finally, T.S. Eliot’s “The Hollow Men” is one of the most

'The most important reason why there was little opposition in Germany towards the Nazi regime was its use of propaganda' Explain how far you agree with this statement?

3809 words - 15 pages camps. The Nazi regime wouldn't have worked without their police. Propaganda was used to direct the attention and minds of Germans away from the problems and depression of Germany. Using the propaganda to gain supporters and the police to keep things in order Hitler had created what he had hoped for; a country under his complete control. The most important reason why there was little or no opposition in Nazi Germany was the propaganda, this

"The most important reason why there was little opposition in Germany towards the Nazi regime was its use of Propaganda" How far do you agree with this statement?

1207 words - 5 pages complete nonsense.German propaganda was extremely important to the course of World War II. By taking control of the media and only printing or broadcasting Nazi material, the Reich was able to effectively flood Germany with its propaganda. This, combined with the genius of men like Joseph Goebbels, created one of the most potent barrages of wartime propaganda in history.

Essay on three of the most important supplies a person can use to successfully journey through life

512 words - 2 pages desire.Courage, love and hope are three of the most important traits that a person can possess. They allow us to be and live the best we can and make up what I believe is to be the strongest and wealthiest person alive. We are capable of being courageous, of loving with all our hearts and of hoping against hope. We will be the most resilient individuals possible, so when the stars have all gone out, we'll still be glimmering ever-so bright.

This Report Is About The "Scarlet Pimperne"L. Main Characters, Setting, Ten Important Events In The Plot, And A Lesson I Learned From This Book

1883 words - 8 pages circles, was lavishly gifted with talent and beauty. She was thought by many to be the most beautiful and the cleverest woman in Europe. She had one fault, her unfathomable love for her brother, Armand whom she raised from childhood. She was a woman of deep emotions and unrelenting pride. This caused her much grief and anguish and despite the extent of her intelligence, she was unable to discern the events that were happening around her.Monsieur

'The First World War was the most important cause of the Russian Revolution'.- How true is this claim?

1562 words - 6 pages the way for industrial development. Many of the Asiatic peoples in East were semi-nomads, and most of the European Russian population were peasants. After abolition, they were able to hold more than half the arable land in the country, either as individual owners or through their village organization. Despite this, they remained largely illiterate and uneducated, and were regarded by the landed aristocracy as an inferior class. Emancipation also

"The Heasrst Castle". In this report i talk about the history of the heasrst castle and talk about all the important events and facts about it

2863 words - 11 pages HearstGeorge Hearst, the founder of the Hearst Castle, was born in 1820 in Franklin County, Missouri. The local Indians called George "boy that the earth talked to", probably because he had such good knowledge of mining. In Missouri he was supplied with little formal education, and I find this amazing that he became so smart.George Hearst owned many important mining claims in western United States. He owned the Comstock Lode in Nevada, the Ontario

Similar Essays

The Three Most Important Things I Learned In This Course

1876 words - 8 pages The course that I took this term on money and banking was of great value to me. It taught me some very important things. One of the most important things that I learned in this course was that the Federal Reserve is the best resource for information concerning the economy. Another important thing that I learned was that interest rates mean different things to different people. A third very important thing that I learned was how a financial

The Three Most Important Things I Learned In This Course

1210 words - 5 pages In other courses, we have learned about what a bond is. One of the most important things I learned in this class is what affects the supply and demand of bonds, which ultimately decides the price of a bond. Three main items determine the supply of bonds: the expected profitability of investment opportunities, the expected inflation and the government budget. The expected profitability of investment opportunities is important because companies

The Three Most Important Battles In European History Before 1700

522 words - 2 pages Egypt and beyond and become one of greatest civilizations of all time.The Battle of Tours was a battle that occurred by the city of Tours on October 10, 732. It was between the Franks, led by Charles Martel and the Moors, led by Emir Abdul Rahman. The Frankish army stopped the massive Islamic army from advancing into western Europe from the Iberian Peninsula. This conflict is on of the biggest in world history, for the conquests may have never been

The Most Important Issues On Organisational Change In Literature In The Last Three Decades

1037 words - 5 pages contexts, situations and contingencies. For this reason the effective management of changes is fundamental for the survival and success of the organisation and different approaches and means of managing change are necessary for different types of change. This brief literature synthesis will first analyse the most important issues on organisational changes identified by the literature during the last three decades further to Armenakis (1999) and