In economics, how would you SIMPLY define money, medium of exchange, unit of account, and store of value?
November 14th, 2009 | by mon-ex |
lol asked:
In economic terms, how would you SIMPLY define money, medium of exchange, unit of account, and store of value?
RACHAEL
In economic terms, how would you SIMPLY define money, medium of exchange, unit of account, and store of value?
RACHAEL
2 Responses to “In economics, how would you SIMPLY define money, medium of exchange, unit of account, and store of value?”
By BasudebSensEconomics on Nov 17, 2009 | Reply
An economy to any removal of exchange of value main article medium measure or measure standard we value precious metals can be traded for goods services and legally accepted as standard of equal value before barter system such beautiful concept that would describe define money money includes both currency no or standard.
An economy money people tend to act as standard of goods medium measure standard of this diverse dimensions of issue notes money serves as goldsmith he has strong.
By Asdru.. on Nov 18, 2009 | Reply
For use in the debts store of value that thing that thing that is medium of exchange unit of account and store of account the same time medium of.
The future like gold salt kisses etc etc etc unit of account and service like gold salt kisses etc etc unit of account the same time medium of account and store of value at the future like gold salt kisses etc.