Unit VII Reflection Paper

Essay Instructions:

Unit I-VIII Reflection Papers The unit Reflection Papers are to be completed for each unit. In completing these assignments the university requires that you follow APA guidelines in preparing citations and references. For each assignment, you are asked to prepare a Reflection Paper. After you finish the reading assignment for the unit, reflect on the concepts, and write about them. What do you understand completely? What did not quite make sense? The purpose of this assignment is to provide you with the opportunity to reflect on the material you finished reading and to expand upon those thoughts. If you are unclear about a concept, either read it again, or ask your professor about it. Can you apply the concepts toward your career? How? This is not a summary. A Reflection Paper is an opportunity for you to express your thoughts about the material by writing about them. The writing you submit must meet the following requirements: - Be at least two pages in length - Include your thoughts about the main topics - How does it apply to your career? (I am a Masgter Sergeant in the United States Air Force and my job is Medical Administration i.e., medical records management, medical benefits, billing, and claims, and health information privacy) - How does it apply to your personal life? ***Text Book*** Econ Macro 2 , Willaim A. McEachern (available via Cengage Learning)

Essay Sample Content Preview:

UNIT VII REFLECTION PAPER
NAME:
INSTITUTION:
Unit VII examines the system of money and banking in the United States. It gives an elaboration of barter trade as the first means that was used to exchange goods and services. After the barter trade, there was evolution that followed when commodities such as gold, teas or grains were used. The commodities acted as medium of exchange, which contributed to efficiency in exchange transactions and helped in developing exchange. The paper continues to explain the arrival of money after obvious inefficiencies of the past forms of exchange.
The paper makes a clear fact that the banks commenced to offer paper certificates implying that the holder of the bill owned a certain sum of the particular commodity. The banks held commodities in storage after which they issued notes referred to as representative money. The paper contains helpful information as it continues on the money evolution, stating that after representative money the fiat money came. The fiat v...

Updated on January 26, 2024

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