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Money and the monetary system

Money and the monetary system. Definition of money. Money is any commodity or token that is generally accepted as a means of payment. . Money is an institution human societies devised to reduce transaction costs. Money performs three vital functions:. Medium of exchange . Unit of account .

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Financial Markets

Financial Markets The Demand for Money 4-1 Money , which can be used for transactions, pays no interest. There are two types of money: currency and checkable deposits .

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857 views • 27 slides

Central Bank, Monetary Control and Monetary Policy in Islamic Framework

Central Bank, Monetary Control and Monetary Policy in Islamic Framework. Ausaf Ahmad. Preliminary Observations. Monetary Policy is a catch all name for monetary management, monetary control, regulation of commercial of commercial banks, and management of money market.

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666 views • 26 slides

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Powered money - PowerPoint PPT Presentation

Money and the monetary system

Financial Markets

Central Bank, Monetary Control and Monetary Policy in Islamic Framework