Video response

1.) The first video discusses the types of money and the functions of the money. The three types of money are commodity, representative, and flat money. The three types of functions for money are mediums of exchange, money as a stored value, and unit of account. Commodity money is commodities that also function as money. Representative money means that whatever you are using as currency represents a specific quantity of a precious metal. Fiat money, is the money that makes it have value 

2.) In order to have a correct money market graph, you must have the correct labels. The Y-axis should be labeled interest rate while the X-axis is labeled the quantity of money. Whenever there is an increase in the demand of money the interest rates will also rise. When the interest rate is low, it encourages people to borrow more money, and vice versa.

3.) Expansionary and contractionary money supply are the Fed's tools of money suppy. Expansionary is usually referred to as easy money while contractionary is considered as tight money. The Fed has another tool of monetary policy known as the discount rate. The discount rate is known to not be so successful or important because if you lower the rate it will not automatically mean that banks will borrow the money.

4.) In this video we discussed loan able funds graphs. Whenever you are doing a loanable funds graph you  label your price on the y axis which in this case is the interest rate and your x axis qlf which stands for quantity of loan able funds.In order to show a result of saving more you will increase in the supply of loanable funds and in the incentives to save less we decrease the loanable funds. whenever there is a defecit it is when the government is demanding money in order to spend

5) Banks create money buy making loans. The money multiplier is found by one divided by reserve requirement. To find total money created, it would be excess reserves multiplied by the money multiplier. The video shows examples on how to find total money created. 

6.) The collaboration of all the key concepts are discussed in the last video. The government is put in a deficit as an example. Whenever the government is in deficit they are borrowing money from the public. The amount of money the government is in debt is mostly out to the people in the U.S.