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Money, Banking and Monetary Policy

422 resources created by 341 users

This Money, Banking and Monetary Policy page on GoConqr gathers community-made mind maps, quizzes, flashcards, notes and slide sets, from the functions of money and central banks to quantitative easing and inflation targeting. It's built for university students and professional candidates, school students, and teachers after ready-made material. There are over 400 resources here, including more than 50 quizzes and over 200 mind maps, covering A-level, AP and IGCSE Economics through to degree-level study. Pick a topic, try a quiz to find your gaps, then make your own revision sets.

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What this unit covers

The resources split into three broad strands: money itself, banks and financial markets, and monetary policy. Contributors have shared mind maps, quizzes, flashcard decks, notes, slide sets and a couple of flowcharts.

  • Money: the Functions of Money mind map, the MONEY mind map and the slide sets on the history of money cover barter, medium of exchange, unit of account and store of value.
  • Banks and markets: The Functions of a Central Bank mind map explains how a central bank acts as banker to the government, while FINANCE, SAVING, AND INVESTMENT looks at financial institutions and markets.
  • Policy: many Monetary Policy mind maps cover inflation goals, interest rates, quantitative easing and exchange rate policy.

Where to start

Begin with the Functions of Money mind map, then try the quiz Money: Features, Functions and Money Supply. It tests ideas such as divisibility and the functions of money in short worked scenarios. If you prefer cards, the Money and credit deck covers the double coincidence of wants, old and modern forms of money, and terms of credit.

Moving on to policy

Next, open The Functions of a Central Bank and the Monetary Policy mind map. The second one explains why a low, stable and predictable rate of inflation is the goal, and why high inflation cuts purchasing power and creates uncertainty. Then look at Quantitative Easing, Interest Rates and Bank of England. For a harder question, one mind map notes that monetary policy can be ineffective when people hold on to money even at very low interest rates.

Using maps and quizzes together

Read a map first, then close it and take a quiz on the same topic. Note the questions you miss and go back to the matching branch of the map. Flashcard decks such as Macroeconomics - Chapter 24 are handy for terms like M1, M2, liquidity and fiat money. Several notes also show written exam-style answers, such as the one on liquidity preference theory.

Where it fits

This unit sits in the Macroeconomic Policy strand of Economics. Some resources mention A-level Economics, AP Macroeconomics and IGCSE Economics, and many are written at university level.

Choose one map today, test yourself with a quiz, and then make a few flashcards of your own.

Frequently asked questions

Which resource should I open first?

Start with the Functions of Money mind map, then take the quiz Money: Features, Functions and Money Supply. That pairing gives you the basic ideas of what money does before you move to central banks and monetary policy, where the topics get more detailed.

What do the mind maps on this page cover?

There are over 200 mind maps. They cover the functions and types of money, central bank roles, the Bank of England, interest rates, quantitative easing, exchange rate policy and many versions of Monetary Policy, including policy to combat unemployment and inflation.

Are the resources free to use?

Yes. Every resource listed here is free to open, study and take, with no account needed. They were made by GoConqr users, not by GoConqr itself. A free account also saves your quiz scores and lets you make your own quizzes, maps, flashcards and notes.

Which levels and exams do these resources suit?

Most are aimed at university students and professional candidates, with a good share for school students. Some resources mention A-level Economics, AP Macroeconomics and IGCSE Economics. Teachers can also use the ready-made maps, decks and slide sets.

Is there anything on exam-style written answers?

Yes. Some notes were created from mind maps to answer longer questions, such as the factors of liquidity preference theory, the effect of the South African Reserve Bank raising the repo rate, and how a change in retirement age might affect demand.

What if the topic I need is missing?

Try the related Monetary Policy, Money or Financial Sector resources, as the same idea often appears under a different title. You can also make your own mind map, flashcards or quiz on the missing topic.

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