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The money supply of a country comprises all currency in circulation (banknotes and coins currently issued) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Throughout history, governments adopted different forms of money, such as gold, silver, coins, and banknotes. Explore how money functions as a medium of exchange, its essential properties, types including fiat and cryptocurrencies, and its role in the economy.
The meaning of money is something generally accepted as a medium of exchange, a measure of value, or a means of payment Money refers to any verifiable record that is accepted as a medium of exchange for payment of goods and services and repayment of debts in a specific country How to use money in a sentence
Frequently asked questions about money.
Coins or notes (= special pieces of paper) that are used to buy things, or an amount of these… Any circulating medium of exchange, including coins, paper money, and demand deposits. See examples of money used in a sentence. People worry about it, think of ways to get more of it, and dream about how to spend it
But how much do we really know about money Keep reading for a short history of currency.
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