MACROECONOMICS: BANKING - Study guides, Class notes & Summaries
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MACROECONOMICS: BANKING TEST EXAM QUESTIONS AND ANSWERS EXPLAINED
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MACROECONOMICS: BANKING TEST EXAM QUESTIONS AND ANSWERS EXPLAINED Money - answersAny asset that can easily be used to purchase goods and services Medium of exchange - traded for goods, not consumption Store of value - holds power over time Unit of account - can be a measure of the value of other goods Types of Money - answersCommodity Money Commodity Backed Money Fiat Money COMMODITY MONEY - answersA good that had value in other uses Ex. If the material used to make a qua...
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