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ECON 211 Week 9 Discussion

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ECON 211 Week 9 Discussion: Money and the Bank

Description

ECON 211 Week 9 Discussion: Money and the Bank

Assignment Content

The phrases, “Show me the money” and “You can take that to the bank” demonstrate the influences of currency and the financial system in society. The phrase “Show me the money” from the 1996 movie Jerry Macguire, generally means that someone wants to know how much they will be paid for something or they want evidence that they will be paid. According to the Free Dictionary,  (Links to an external site.) the phrase “You can take that to the bank” means that a statement or a piece of information is true. According to Urban Dictionary, (Links to an external site.) it comes from an obscure reference that a check is a guarantee that you can take to the bank and redeem it for its face value.

In this activity, you will select a country and analyze the banking and financial system of that country. Locate a recent article (published within the last year) that discusses your selected country’s banking and financial system. You can use the Hunt Library, newspapers, new stations, or other credible sources to locate an article. Analyze the article and then provide the following in your discussion.

  • Analyze your chosen country’s banking and financial systems.
  • Describe how money is measured in your chosen country.
  • Discuss the evolution of money over time as it pertains to your selected country.
  • Describe the process used by the banking system to create and destroy money.

Summarize your findings using at least 250 words along with at least one reference to support your findings. Use current APA formatting to document your sources.

 Post & Respond

Post your findings by the third day of the module week. Return by the sixth day of the module week to review your classmates’ posts. Respond to at least two of your peers. Your response should be at least one paragraph, two to three sentences in length, and include the following.

  • Whether you agree or disagree with the findings and why
  • A probing question that facilitates further discussion of the topic

Review the Discussion Rubric for detailed grading instructions.