Synopsis
Excerpt from Economics: Lesson 8
In addition to and growing out of its use as the medium of exchange. Money has two other important uses. A com mon denominator of values, and a standard of deferred pay ments.
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Economics: Lesson 8 (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book explains the evolution of 'money' from its humble beginnings with barter up to the present day. The author explores the vital role of money as not only a medium of exchange but a common denominator of values and standard of deferred payments. In addition, it offers insights into the challenges of bimetallism and the importance of 'standard' coins having intrinsic metallic value equal to the value stamped upon them. The author concludes by discussing the complexities of paper money, its advantages over metallic currency, and the three forms it predominantly takes. This book is a comprehensive guide to the history and significance of money, and its insights will appeal to anyone interested in economics, history, or finance. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781334470370_0
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Economics Lesson 8 Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334470370
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Economics Lesson 8 Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334470370
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