Discuss the following statements: Without money, everything would become more expensive. In countries such as Zimbabwe, which had problems with high inflation, the increased use of another country’s currency (such as the U.S. dollar or South African rand) became common. Why do you suppose this occurred?
Make sure you use the readings to support your discussion and don’t forget to cite and list your sources.
Response should be at least 250 words.
Please review the following background materials:
5 Stages of Evolution of Money, from Your Article Library
Use the “Tiny URL” to access the site: https://tinyurl.com/y9n6adgz
If the “TinyURL” is not working, here is the full URL:http://www.yourarticlelibrary.com/economics/money/5-stages-of-evolution-of-money/30311/
The History of Money: From Barter to Banknotes, Investopedia 2015
Use the ‘TinyURL’ to access the site: https://tinyurl.com/d78f5uy
If this is not working, here is the full URL:http://www.investopedia.com/articles/07/roots_of_money.asp
The Fed – Monetary Policy, by the Board of Governors of the Federal Reserve System. Read the paragraph under Monetary Policy and then click ‘Learn more’ and the page on Purposes & Functions. Click on the image for each of the seven areas to get more information about that specific topic.
Use the ‘TinyURL’ to access the site: https://tinyurl.com/ybjaojhr
If it is not working, here is the full URL:https://www.federalreserve.gov/monetarypolicy.htm
Federal Reserve Tools and How They Work, from The Balance, 2016
Use the ‘TinyURL’ to access the site: https://tinyurl.com/y9sh8szj
If it is not working, here is the full URL:https://www.thebalance.com/federal-reserve-tools-and-how-they-work-3306134
What are the Effects of Inflation on the Economy? From the Balance, 2017
Use the ‘TinyURL’ to access the site: https://tinyurl.com/y99pb4pc
If it is not working, here is the full URL:https://www.thebalance.com/what-are-the-effects-of-inflation-357607
Monetary Policy Tools: How They Work, US Economy, 2017
Use the ‘TinyURL’ to access the site: https://tinyurl.com/ya38jsbx
If it is not working, here is the full URL:https://www.thebalance.com/monetary-policy-tools-how-they-work-3306129