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1 federal reserve bank - PowerPoint PPT Presentation

MONEY AND BANKING

MONEY AND BANKING. What is money (defn)? Medium of exchange- determines value during the exchange of G/S without it we would have to use bartering (defn) which means you would spend a lot of time and effort trying to make exchanges of one G/S for another.

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1 federal reserve bank - PowerPoint PPT Presentation

MONEY AND BANKING