Money in Economic Theory
The term money refer to such commodities which serve the three-fold functions of: a recognised and acceptable medium of exchange; a standard of value or a unit of account; and, a symbol or store of wealth, both the traditional and the modern theories- and controversies about money deal with how effe...
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| Natura: | Lecture |
| Lingua: | inglese |
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Obafemi Awolowo University Press
2013
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| Accesso online: | http://localhost:8080/xmlui/handle/123456789/3553 |
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| Riassunto: | The term money refer to such commodities which serve the three-fold functions of: a recognised and acceptable medium of exchange; a standard of value or a unit of account; and, a symbol or store of wealth, both the traditional and the modern theories- and controversies about money deal with how effectively money can or should perform one or all of these three-fold functions. Furthermore, the objects that have performed these three-fold functions have themselves evolved with the development in economic thought and practice. |
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