Money Supply Basic Concepts Functions of Money There are four main functions of money : Money is a matter of function of four, A medium, a measure, a standard, a store Definition…
1. Medium of exchange Unit of account Measure of value Standard of deferred payments The classic definition of money is thus “money is what money does”…
1. VINOD SOLANKI STD = X ROLL NO = 43 DUNNES INSTITUTE 2. --Money is a token or item which acts as a medium of exchange that has both legal and social acceptance with…
NELSON A:Cli Monetary Ccmmissim MISCELLANY Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ⢠A PROPOSALS FOR STRENGTHENING THE NATIONAL…