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from open.lib.umn.edu
Defining money by its functions. money is a system of value that facilitates the exchange of goods in an economy. in this chapter, you will learn about: money serves three main functions: this chapter discusses what economists mean by money, and how money is closely interrelated with the banking system. money is any commodity or token that is generally acceptable as a means of payment. A means of payment is a method of settling a. this chapter discusses what economists mean by money, and how money is closely interrelated with the banking system. However, the task of defining what money is,. We all want it, work for it and think about it.
24.2 The Banking System and Money Creation Principles of Economics
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From open.lib.umn.edu
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