Mr. Kraus Economics. Money: Definitions, Measures, Time Value + Introduction to Quantity Theory. Money Defined. Money is anything that can be used as: A medium of exchange A store of value A unit of account / Standard of Value Money works best when it meets these criteria: Portable
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Money: Definitions, Measures, Time Value + Introduction to Quantity Theory
What you are able to exchange for it.
What is provides for the economy and its participants
Certificates of Deposit