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MONEY
- DEFINITION
- is a medium
- that can be exchanged
- for
- goods
- services
- repayments
- goods
- for
- that can be exchanged
- is a medium
- FUNCTIONS
- medium of exchange
- measure of value
- standard of deferred payement
- store of value
- medium of exchange
- TYPES
- Commodity
- precious metals
- conch shells
- barleys, etc
- precious metals
- Representative
- token coins
- paper money
- certificates
- token coins
- Fiat
- it has value
- only by goverment order
- only by goverment order
- it has value
- Coinage
- coins
- gold coins
- silver coins
- copper coins
- gold coins
- coins
- Paper
- Banknote / note
- Checks
- Banknote / note
- COmercial bank
- demand deposit account
- is an account
- which funds
- can be wuthdrawn at any time
- by check
- or card
- by check
- can be wuthdrawn at any time
- which funds
- is an account
- demand deposit account
- Electronic or digital
- is the money balance
- recorded electronically
- in a stored-value card
- in a stored-value card
- recorded electronically
- is the money balance
- Commodity
- MONEY SUPPLY OF A COUNTRY
- consists of
- currency
- banknotes
- coins
- banknotes
- bank money
- checking accounts
- saving accounts
- checking accounts
- currency
- consists of
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