Money, Banking and the central Banking system - the meaning of money - what is money
8 important questions on Money, Banking and the central Banking system - the meaning of money - what is money
What is an asset called when it can be easily converted to cash?
Is your abnk account money even if it is not converted to cash? For what 2 reason is this true?
currency in circulation and chequable deposits is considered money
What do we call bank accounts on which people can write cheques?
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What is the total value of financial assets in the economy that is considered money? Formula?
MS =demand deposit+ currency in circulation
How do we describe the narrow definition of money?
Why is money crucial in in generating gain from trade?
What do we call the problem in a barter system when two parties can trade only when each wants what the other has to offer?
What is the solution for the double coincidence of wants? What does it mean?
- Money
- because individuals can trade what they have to offer for money and trade money for what they want
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