medium of exchange

That money, though it has no power of its own, still is a medium of exchange among people, and he must learn its proper use.

All that said, why do we have money at all, rather than using - for instance - toffee apples as a medium of exchange?

The development of a general medium of exchange, then, is a crucial requisite to the development of any sort of flourishing market economy.

Other assets that serve as stores of value must first be sold to be converted into a generally accepted medium of exchange.

Money is a financial asset, a store of wealth and a recognized medium of exchange. Definitions of money and money supply . . .

They serve as the basic medium of exchange in the economy, accounting for about three- fourths of the total money supply.

to be converted into a generally accepted medium of exchange.

Cash liquidity is one of the strongest currency asset, it is immediately can invest circulation medium of exchange.

What characteristics of an asset make it useful as a medium of exchange? As a store of value?

What medium of exchange will be acceptable to all participants in an economy is not determined arbitrarily.

It is nothing more than a medium of exchange that we use to express to others the same thing: value creation.

We have the technology to move to a more efficient, convenient, freely flowing medium of exchange.

Unseating the U. S. dollar as the world's dominant medium of exchange would be no small feat.

The value of money is basically its value as a medium of exchange, or, as economists put it, its 'purchasing power.

Money must be a medium of exchange, a store of value, a unit of account and standard for deferred payment.

As a generally accepted medium of exchange, money rules out the need for barter, the direct exchange of one item for another.

And money, as a medium of exchange, is also soon to be replaced by the barter system.

Hence, gold and silver were the only acceptable medium of exchange.

Products for the company to build a common medium of exchange for Taiwan.

Without money, there is no generally accepted as a medium of exchange. However, there exists the.

We abstract from all asset holding and intertemporal effects and money is simply a medium of exchange reflecting a transactions demand.

"Money" means a medium of exchange currently authorized or adopted by a domestic or foreign government.

Credit money represents a certain amount of gold or other medium of exchange (1).

One of the reasons for selecting gold as the medium of exchange is that it is relatively scarce.

Any given quantity renders the full services and yieldsthe maximum utility of a medium of exchange.

Currency Money in any form when in actual use as a medium of exchange, especially circulating paper money.

Physical currency is a bulky, germ-smeared, carbon-intensive, expensive medium of exchange.

Physical currency is a bulky, germ-smeared, carbon-intensive, expensive medium of exchange. Let's dump it.

T: Oh, yes, cash is a medium of exchange, and includes currency, coins, savings deposits, petty cash funds.

Words are not the sole medium of exchange in teaching and learning.

Now people have also discovered that gold is useful to serve as the medium of exchange.

element This metallic element as a commodity or medium of exchange.

Cash, the most liquid of assets, is the standard medium of exchange and the basis for measuring and accounting for all other items.

Money is a medium of exchange to acquire any services or material things that we want or need.

Robbins, again, would then be using butter as a medium of exchange.

The shift is progressive until that commodity becomes the sole medium of exchange.

Suddenly, there is no medium of exchange. The markets collapse.

As a generally accepted medium of exchange.

First, the medium of exchange should be durable.

three serve as a medium of exchange, which is the basic definition of currency.

A medium of exchange is an objective that is generally accepted in exchange for goods and services.

Over the last year the Chinese have undermined the dollar by the back-door, questioning it as a store of value and medium-of-exchange.

For what is really being lent is not money, which is merely the medium of exchange, but capital.

With a gold dollar, a car might cost $600 instead of $6, 000, but the exact amount of the medium of exchange used wouldn't matter.

A Medium of Exchange.

A medium of exchange is anything that is readily acceptable as payment.

People hold money because it is the medium of exchange.

To teach the process, they will have a goods retained a generally accepted medium of exchange, that is money.

money fiat money coin banknote Paper currency, paper money monetary aggregates medium of exchange unit of account store of value currency

Transmission from person to person as a medium of exchange; circulation:

as a medium of exchange;

Medium of exchange;