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commodity money that has been used in different times in the history

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section: Chapter Questions

Problem 12AA

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Question

commodity money that has been used in different times in the history

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Money can be defined as an asset with monetary characteristics which is generally accepted as a medium of exchange in the transactions among different parties. In the United States, there are dollar bills and tokens issued by a federal reserve bank.

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