No 4 on the List of Class Discussion Questions at the End

question 13

Essay

No. 4 on the list of class discussion questions at the end of the chapter would make a good essay question: Write an essay in which you describe how economic liberal ideas and globalization positively and negatively shaped developments in the monetary and finance structure. On balance, do you think the developments were mostly positive or negative? Explain why. Cite specific examples from the chapter and news articles.

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Definitions:

Normal Balance

The side (debit or credit) of an account that is increased. For example, assets increase on the debit side, while liabilities increase on the credit side.

Chronological Order

The arrangement of events, numbers, or actions in the sequence that they occurred or were performed.

Debit Normal

Refers to accounts that are increased with a debit transaction and have a natural debit balance, such as assets, expenses, and losses.

Credit Normal

The usual terms or conditions under which credit is extended to customers, including payment due dates and interest rates.