Read Chapters 19, 20 of the Textbook, Money and Banking (Robert E. Wright, Vincenzo Quadrini)

1. Review the material in Chapter 20 and respond with 2-3 paragraphs to the following:

• Discuss the modern quantity theory and the liquidity preference theory.

2. Prepare a 200 word (approximately) summary of the textbook material you have read in Chapter 19.

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