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The Federal Reserve Goals & Challenges. MONEY Money- anything used to facilitate the exchange of goods & services between buyers and sellers. - ppt download
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1. WHAT IS MONEY? Learning Objectives 1.Define money and discuss its three basic functions. 2.Distinguish between commodity money and fiat money, giving. - ppt download
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Chapter # 1. Money has been defined differently by different economists: Crowther in his book defines money “ As anything that is generally acceptable. - ppt download
![One of the principal defects of commodity money is that its worth as a: A. medium of exchange may exceed its worth as a standard of account, causing it to cease being One of the principal defects of commodity money is that its worth as a: A. medium of exchange may exceed its worth as a standard of account, causing it to cease being](https://homework.study.com/cimages/videopreview/videopreview-full/fpny5w6262.jpg)
One of the principal defects of commodity money is that its worth as a: A. medium of exchange may exceed its worth as a standard of account, causing it to cease being
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